Mediterranean/Middle East/North Africa/Africa – MEA Region Saudi Agricultural and Livestock Investment Company (SALIC) has increased its ownership in Olam Agri from 35 percent to 80 percent with an option to buy the remaining shares within three years. Olam Agri is Singapore-based with annual sales of about $ 24 billion. Saudi Arabia’s Arabian Company for Agriculture, a major poultry company, will be offering 30 percent of its shares in its IPO, initial public offering, at $13.33 per share. Shares will be available by subscription from 25 – 27 February with oversubscription expected. Morocco’s wheat yields for 2025 are estimated to drop 28 percent below the five-year average according to the latest EU MARS (Mon...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.