Regional UpdatesMEDITERRANEAN, MIDDLE EAST, NORTH AFRICA, and AFRICA – MEA REGIONTurkey’s wheat production is seen dropping by 5.5 percent to 20.8 MMT according to Turksat estimates. It also sees barley production down by 11 percent to 8.2 MMT and corn down by 8 percent to 8.3 MMT. Soybean production could increase by 26.5 percent to 174,000 MT.Turkey is the second largest pasta producer and exporter in the world, following Italy. For 2024 it expects to ship 1.5 MMT of pasta to world markets – 98 percent of the exports are to non-European destinations. Turkish pasta is made from durum wheat of mainly local production – Turkish produced durum wheat does not sell locally at a premium versus normal wheat, as is seen in international markets, w...
What You Need to Know Today: The USTR says Brazil has committed “unreasonable” acts against global trade rules and is recommending at 25 percent tariff on nearly all Brazilian ag products (unclear whether this includes beef amid President Trump’s effort to lower beef prices)...
Key Takeaways: The Energy Independence and Security Act of 2007 set a goal of producing 16 billion gallons of cellulosic ethanol annually by 2022, but actual production reached only a small fraction of that target. High production costs, feedstock collection challenges, and technological hurdl...
Corn The U.S. has yet to ship any corn to China, though last year’s sales were a paltry 32 KMT. Soybeans U.S. soybean export inspections for May rose above the previous year’s level with China as the target market. Citing reduced demand for soymeal, the Ministry of Agriculture...
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.