Italy is looking at three zone developments related to agricultural logistics in Egypt with one project for wheat and grain said to be likely in the Red Sea area at Beni Suef, 120 kilometers south of Cairo. The other two are for fruit, vegetable and sugar logistics. It also has another grain-related initiative currently underway there. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS There were reports this week out of Lebanon that a cargo (3,000 MT) of Russian wheat had been rejected, but the public health ministry has advised that the stocks in question were of a different origin without actually saying what it was.Egypt has banned the domestic trading of imported wheat in order to reduce the possibility of it being passed off as lo...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.