Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Libya imports about 90 percent of its grain needs every year with total imports for 2022/23 forecasted by the FAO to be at 3.2 MMT, about the same as last year. More than 50 percent of Libya’s imports of wheat, barley, and maize have come from the Ukraine and Russia in the past. Libya imports about 1.55 MMT of wheat. 1 MMT of barley and 650,000 MT of maize. Saudi Arabia’s SAGO is reported to have purchased about 35,000 MT of locally grown wheat so far this season. Egypt reports that its wheat reserves are at seven months consumption. Egypt officials say that the 180,000 MT wheat purchase from India is still valid but that the wheat has not bee...
Key Market Insights July is here, and the grain markets already feel like they are shifting gears. With the June USDA reports now behind us, inflation is back in the conversation, and traders are once again turning their attention to three familiar summer drivers: demand, money flow, and weathe...
Key Takeaways: Poultry is the fastest-growing major animal protein, supported by lower production costs, affordability, and broad consumer appeal. Broilers are the most feed-efficient major livestock species, giving chicken a lasting cost advantage over beef and pork. Short production cycles a...
What You Need To Know Today: Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on weaker DDGS and ethanol pricing. WPI’s models project a steady decrease in returns to ethanol production following the end of the summer...
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.