Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has advised that fuel prices will be reviewed every three months after recent increases of up to 30 percent. The subsidized fuel prices there will be based on world fuel prices as well as the value of the Egyptian pound against the USD. Reports in Egypt say that poultry prices will have to increase due to the higher costs of cooling/heating poultry houses and transporting grain from the port to farms. However, the government says that bread prices will not rise. Egypt is setting up a National Food Safety Authority (NFSA) to “improve regulatory oversight and efficiency in the food system.” It is expected to “play a crucial role in enhancing the efficiency of the g...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.