Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA In Bangladesh, the “advanced income tax” on wheat imports has been lifted due to importers declaring much of their wheat as “duty-free” durum wheat. The tax had been 5 percent on ordinary wheat but nothing on durum wheat. The change in the tax is not retroactive so there will be no refunds on taxes paid or due on recent wheat imports. Turkey reports that its main grain producing area – the Konya plain – is suffering greatly from a lack of rainfall. The Konya area produces about 2.5 MMT of grain per year, mainly wheat, and this year rainfall is down by 60 percent since July. With only 10 percent of the area under irrigation, rainfall is neede...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.