Morocco has decided to leave the soft wheat import tariff at 30 percent until the end of 2016. This resulted from the expected drop in the local wheat crop this year, possibly as much as 65 percent, and the anticipated need for a greater volume of imports. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s supply ministry announced that about 400,000 MT of local wheat has now been purchased against its target of approximately 4 MMT.ADM reports that it has finalized its Egyptian joint venture with Medsofts Group, a merchandising and logistics operation called ADM Medsofts. The new company is expected to handle over 2 MMT of grain, oilseeds and other commodities through a well-developed Egyptian distribution network. It will also...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.