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: 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...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.