Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Saudi Arabia’s SAGO has advised that the pre-qualified flour mill bidders will finish their due diligence and present their completed offers for the government flour mills this week. It has not announced who the qualified bidders are, but this list is expected to include several well-known international grain companies; both ADM and Bunge have been mentioned in press reports. In conjunction with the FAO and Yemen Ministry of Agriculture, the Japanese government has been involved in a project in Yemen aimed at importing and distributing quality grain seed stocks. Japan is also supplying funding to strengthen the animal health and production systems along with improved feed supplies...
Key Takeaways: The situation in the Arab Gulf is little changed this week, which is to say it is a day-by-day – and sometimes hour-by-hour – judgment call as to what is or will happen. There are some vessels transiting the Strait of Hormuz, but transits are a fraction of what they...
Grains posted strong gains today, putting the bulls firmly in the driver’s seat. There was no shortage of fuel for the move, with three W’s driving the rally: weather, war and worry. Weather: Cooler temperatures are temporarily easing stress across the Northern Plains and Midwest, b...
Key Takeaways: Global and U.S. cotton demand has struggled since the post-COVID-19 pandemic surge, which has left cotton prices drifting lower in the U.S. The war in Iran and the closure of the Strait of Hormuz, along with their impact on global energy markets, could boost cotton demand...
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.