China Purchases 30 MMT of Grain for Reserves As previously reported, the Chinese government began its state reserve purchase program in early November. By the end of November, it had purchased a total of 30 MMT of grain in Inner Mongolia, Anhui and Heilongjiang. Of that amount, there are 12.18 MMT of corn, up 1.52 MMT year-on-year. The purchased quantity for mid- and late-season rice reached 12.67 MMT, down 303,000 MT year-on-year. Soy purchases dropped 323,000 MT from last year to 480,000 MT since this year's output drop has made farmers reluctant to sell. The Chinese government recently announced that the country's soy production saw an 11.6 percent drop from last year to 12.8 MMT. Some industry experts estimate that this number may be...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
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.