Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s current zero wheat import tax is expected to be extended until September rather than expiring on 31 May. Morocco’s drought driven wheat imports are up by almost 70 percent over 2021/22. The wheat crop is forecast to improve in 2023/24 but still be well below average. Kuwait’s Foreign Minister met, on 4 June in Kuwait, with the UN coordinator for the Black Sea Grain Initiative to discuss the importance and the future of the Black Sea program. Kuwait supports the initiative and is working toward a solution for the Russia-Ukraine conflict. Yemen’s local grain crop is expected to total about 405,000 MT this year, but grain imp...
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.