Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey and Russia are reportedly discussing “a new mechanism” that could export Ukraine grain from the Black Sea. This could mean a new agreement to replace the Black Sea Grain Initiative that Russia left in July 2023. Grain is currently being shipped from Ukraine on a Ukraine designed “shore hugging” export route. Egypt’s Suez Canal fees reportedly dropped in January 2024 by 40 percent compared to January 2023. 793 fewer vessels passed through the Canal in January. Suez Canal transit fees are a major and very important source of income and FX for the Egyptian economy. Egypt’s South Cairo and Giza Mills have seen profits...
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
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.