Egypt reports that it has purchased approximately 57,000 MT of local wheat in the first 10 days of buying against a target of 4 MMT by 31 July 2016. However, wheat farmers are complaining that the government is refusing to buy some stocks due to one particular issue. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Algeria reports that its grain imports for the first quarter are down 8.5 percent from last year, mainly in corn and barley, although wheat showed a small increase. Corn imports totaled 906,400 MT (1.15 MMT in 2015) with barley at 182,600 MT (286,100 MT in 2015), soft wheat at 1.6 MMT (1.55 MMT in 2015) and durum wheat at 510,800 MT (509,100 MT in 2015). From a value perspective, the total cost of grain imports dropped 25.7...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has just held its first meeting of the Committee on GM Corn. The Committee was established to "undertake an objective, science-based, and evidence-driven review of Pakistan’s policy regarding the commercialization o...
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.