Mediterranean/Middle East/North Africa/Africa – MENA Region Pakistan has made “major amendments” to its biosafety regulations that it says will “simplify licensing procedures, ease import restrictions and facilitate laboratory research”. Companies will have to apply for licenses for specific GMO events which, when approved, would allow freedom for importation. Egypt continues to be the largest importer of wheat, importing as much as 13.0 MMT of wheat annually. The government has plans to increase local wheat production to 10 MMT and will purchase about 5.0 MMT for its subsidized bread program. Experts do not expect wheat imports to drop as population and consumption continue to increase. Also, private sector wh...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
Energy: Risk Over Rules Fighting between the United States and Iran over control of the Strait of Hormuz escalated overnight. Tehran accused U.S. forces of striking a residential area after U.S. Central Command said its second round of attacks in three days targeted Iranian radar systems and mi...
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.