The ”smart-card” system in Egypt for subsidized food, including bread, is being moved to the control of the military production agency from the ministry of supply. The government says that the switch will have two notable effects. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS There is good news for North African wheat importers as Romania reports that its wheat crop is up 7 percent over last year at 8.4 MMT. Egypt is a major importer of that origin. With France’s wheat quality problems this year, a larger Romanian production could mean a higher level of exports to North Africa.Bangladesh has switched its feed and milling wheat buying to the Black Sea as stocks from India are no longer available since the crop there has been reduced...
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.