World Perspectives
wheat

China’s Wheat Demand Trend

China has been on a wheat buying binge, reportedly picking up 2 MMT of Australian wheat in October and another 2.5 MMT of French wheat. It is surprising that Russia is not the key supplier given the strategic relationship. The purchases are due to rain damage to China’s crop that will send a fifth of this year’s output to the animal feed market. However, this ignores what has been a developing trend. China’s increased consumption of wheat has been outpacing domestic output for a few years. Imported wheat jumped to the MMT level back in 2020 and has continued to grow. There may be an anomalous strain on the domestic supply this year, but trendline analysis suggests that China is turning into a long-term larger wheat import...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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