Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Syria’s government has decided to block the import of many products in order to conserve foreign currency reserves for the purchase of imported wheat. The import suspension list covers 20 items and is to be in place for six months. Syria has been hit very hard by the recent increase in international wheat prices and the drop in the value of the Syrian pound. Saudi Arabia’s wheat imports have switched to Russian wheat now that the Saudi milling operations have been privatized. Due to shorter, quicker shipping times and adjustments to import specifications – mainly an increase in allowed bug damage – Russian wheat has replaced German as the main import. W...
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.