Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Eid holidays have limited business activity in the past week in the MENA region – all will be back to normal this week. Pakistan’s wheat supply will be monitored by the Pakistan Flour Millers Association (PFMA) to insure an uninterrupted supply of wheat to all areas of the country. The PFMA is very concerned that the government is selling wheat to the trade at a very high price while offering its own flour production to the consumer markets at low prices – lower prices than the PFMA say are possible for private millers. Morocco’s grain crops 2021 forecast by the government is at record levels – an amazing weather-related turnaround from las...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.