The Kenyan government has announced that it is raising the National Cereals and Produce Board (NCPB) purchase price for maize by about 22 percent. However, the increase, which was enacted to facilitate the government’s procurement of supplies for its reserve stocks, will only be paid under certain terms. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTSEgypt’s supply ministry reported that current wheat stocks and orders should be sufficient until March 2017 and noted that it has a $1.8 billion loan to support the building of government reserves of staple food commodity items.Egypt has also announced that it will cease using any open-air grain storage with the next wheat harvest and will not accept any grain stored in that manner. In ad...
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 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.