Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s GASC has announced that future wheat tenders will be paid by letters of credit on sight terms. Financial support from the Islamic Trade Finance Corporation has made the new payment terms possible, and this is expected to lower the price of wheat. One trader was quoted as saying that wheat tender prices could be reduced by as much as $6/MT. Egyptian corn buyers have reportedly switched a good share of their business from the Black Sea to Brazil with four or five Panamax vessels said to be on the way from the latter. This has more to do with availability than price since both Ukraine and Argentina are not able to meet Egypt’s monthly demand for about 700,000-800,000 MT...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.