Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Jordan reports wheat stocks on hand of 1.35 MMT – enough, they say, to cover all requirements for 17 months. Annual consumption of wheat in Jordan is about 880,000 MT but Jordan only produces about 25,000 MT of wheat per year. Iran reports that 6 million hectares of land will be planted with wheat in 2020/21 with an expected yield of at least 14 MMT of wheat. According to the Agricultural ministry 202/21 will be the fifth year in a row that Iran is self-sufficient in wheat. Iran’s animal feed imports industry has dropped by 70 percent in the past year as importers dropped from 403 companies to 111. A serious lack of foreign currency has limited imports. There are...
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.