Regional News Iraq tendered for 50 KMT of milling wheat last week and the lowest offer received was for Ukrainian wheat at $386/MT CNF. U.S. wheat was offered at $551.80/MT CNF with offers from Canada, Australia, Romania, Poland, and Lithuania ranging from $424-498.50/MT CNF. Offers for Russian wheat were not considered due to the terms of the tender. Last week, Tunisia bought 150 KMT of soft wheat at $383-388/MT CNF along with 100 KMT of durum wheat priced from $505-522/MT CNF. Wheat is reportedly piling up in Egypt’s ports due to payment issues. Sources say between 800-900 KMT of wheat is in ports waiting for payments to clear. Reports indicate that 80 percent of Egypt’s wheat mills cannot operate to produ...
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.