Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey has been asked by the Ukraine to seize a vessel from Russia with 7,000 MT of Ukraine wheat that is going to a Turkish port. Reports are the vessel has been “detained” by Turkish authorities. The vessel was loaded and sailed from an invaded Ukraine port. Turkey reportedly said it can/will re-export grains from Russia and Ukraine to “countries in need”. It has added that 20 Turkish vessels are available to take part in any grain program. Turkey has had discussions with both Russia and Ukraine Turkey has seen the highest food inflation in years with prices up by 92 percent on average over the past 12 months. The Turkish agricult...
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.