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...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.