Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS According to the latest information on its new trade agreement with Russia and Kazakhstan, Iran has agreed to purchase 1 MMT of wheat annually for five years. It will mill the stocks and then re-export the resulting flour to the region. Importing wheat for local use is not allowed in Iran. The wheat shipments may start as soon as April 2018, provided all financing is in place. Russian officials have said that the volume could easily exceed 1.5 MMT per year, depending on Iran’s success with flour export marketing. The Central Bank of Tunisia advises that foreign exchange reserves continue to drop and currently represent only 80 days of imports. The reserves are still suffering from...
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 big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
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.