Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Saudi Arabia’s Public Investment Fund and Cosco Shipping Ports bought a 40 percent interest in privately owned Red Sea Gateway Terminal that operates its own container terminal in Saudi’s Jeddah Port. The terminal handles just over 5 million TEU (twenty foot equivalent) containers per year but has expansion plans to reach 9 million TEU. Iran says that it will purchase 10 MMT of local wheat in 2020/21 which will cover 90 percent of all wheat requirements. Jordan reports that it has enough wheat, on hand and on order, to cover all requirements for 19 months. 980,000 MT are in storage in Jordan with another 601,000 MT to be delivered. Jordan consumes about 80,0...
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...
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.