News Updates MEDITERRANEAN and MIDDLE EAST COMMENTS The Syrian government grain purchasing department (Hoboob) has reported that it purchased 550,000 MT of domestic wheat for flour production. The local harvest will continue for another two months, so no new wheat import tenders are expected in the short run. However, Syria has also announced a tender for the importation of 200,000 MT of wheat flour that will be paid for with funds frozen in banks in Europe. The purchase of food items is allowed for Syria, so the use of frozen funds should be possible. Some trade sources have said that this method of payment could be very complicated and may not be possible. According to the FAO, Syrian wheat production has dropped from 3.6 MMT down to 2...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.