New Shipping Emissions Regulations Will Increase Caribbean Food Costs [Forbes]
Tyson Foods, Inc. (TSN)
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Source: Forbes
New Shipping Emissions Regulations Will Increase Caribbean Food Costs “IMO Sulfur 2020 (IMO 2020) will limit the sulfur content of ships’ oil and have far-reaching consequences throughout the environment and the global economy, affecting consumer products, public health, and even politics.” - Forbes, BRANDVOICE The Caribbean is highly dependent on global trade and shipping, with the proportion of trade to GDP ranging from 90 percent for St. Vincent and the Grenadines to 104 percent for Guyana and 114 percent for Dominica (World Bank). High dependence on food imports has made the region extremely vulnerable to external factors such as weather and transportation costs. Given that the shipping industry is a facilitator of the import-driven lifestyles of Caribbean people, it is highly influential on prices and the availability of goods and food. In response to growing concerns surrounding the massive carbon footprint of the shipping industry (the entire industry has a footprint the size
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- Tyson Foods, Inc. (NYSE: TSN) had its price target raised by analysts at HSBC Holdings plc from $48.00 to $51.00. They now have a "reduce" rating on the stock.MarketBeat
- Tyson Foods, Inc. (NYSE: TSN) had its price target raised by analysts at BMO Capital Markets from $55.00 to $58.00. They now have a "market perform" rating on the stock.MarketBeat
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- 5/6/24 - Beat
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- 5/6/24 - Form 8-K
- 3/8/24 - Form 8-K
- TSN's page on the SEC website