Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt reports that local wheat purchases by the government are now at 1 MMT well on the way to the target of 3.6 MMT. However, local press says that purchases are actually closer to 600,000 MT. Coronavirus restrictions in Egypt do not affect farmers, as they are exempt, so farmers are working day and night to harvest the wheat crop as quickly as possible. An added complication for farmers is that this month, the main harvest month, is also the month of Ramadan, a time of sunrise to sunset fasting, which makes the harvest efforts more difficult. Egypt set up the Agricultural Solidarity Fund (ASF) in 2014 that was designed to support farmers through times of natural...
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.