Tensions between the U.S. and Iran have a long history, being particularly intense since 1979. Although food has not been a formal part of the sanctions imposed by Washington, their adverse impact on Iran’s economy have nonetheless impacted dietary consumption. Once a major wheat import market, domestic production has increased in recent years to offset the loss of imports, but not enough to prevent a 17 percent decline in per capita consumption over the past six years. Rice consumption has stayed the same and corn imports, largely from the Black Sea, have doubled in volume since 2014. Iran has a large, youthful population that could present a major consumption basis for agricultural commodities. However, with a la...
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.
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...