Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA MEA region grain importers will face lower Russian export quotas in 2022 – 8 MMT of wheat and a total of 3 MMT for barley, corn, and rye. The initial quota period is from 15 February to 30 June and is a decrease over the original projected total quota number of 14 MMT, 9 MMT of which was expected to be wheat. The 2021 quota was much higher for the same period at 17.5 MMT. Much lower wheat production and high exports tariffs are the main reason for the lower export quota. Pakistan agriculture experts said the 2022 wheat crop could be smaller than anticipated due to a shortage of urea fertilizer in major growing areas. Urea has been sold to traders at much higher prices th...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.