Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The Moroccan Government has increased its estimate of the grain crops as a result of very good growing weather. It expects that the total wheat and barley crop will reach 9.8 MMT which is 26 percent higher than last year. Common wheat is forecast at 4.8 MMT, corn at 2.4 MMT, and feed barley at 2.6 MT. The Moroccan government had also recently applied import duties on wheat and barley to protect the local crop – 135 percent for wheat and 170 percent for barley. Russian officials expect to ship up to 1 MMT of wheat to Algeria in 2021/22; this follows the initial shipment of 28,000 MT. Saudi Arabia reports it received its first shipment of wheat from its subsidiary i...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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
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.