Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Syria is reported to have covered most of its wheat needs into 2022 through arrangements with Russia. Shipments of wheat are expected to continue from Russia to Syria through the end of June. There was a comment in the Russian press that wheat shortages were seen in Syria due to the U.S. army moving wheat to countries neighboring Syria. The Iran government has announced that it will purchase 8.5 MMT of local wheat at a price of $280 MT (officially $0.28 per kilo). This year’s purchase price is double that of last year and has been increased as an incentive to farmers to increase wheat production. Iran is expected to produce about 12 MMT of wheat in 2021. Pakistan&...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.