Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Sri Lanka’s Minister of Trade says there is no reason for wheat flour prices to increase as the local supply is good and more milling wheat is expected from Dubai and Turkey. Sri Lanka is forecast, by USDA-FAS, to have to import 1.3 MMT of wheat in 2022/23, an increase of 270,000MT. No wheat is produced in Sri Lanka. Wheat is used for both food and for animal feed. The USDA report says that there is a surplus of wheat milling capacity, even though there are only two wheat millers, and that some of the wheat flour production is exported to Asian destinations. Pakistan’s government has decided not to import wheat from Russia on a government- to-g...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.