Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Iran officials say 2021/22 wheat imports are expected to reach 8 MMT – three times last year’s level. Iran’s wheat consumption is about 12.5 MMT while local production is only 4.5 MMT. Russia is expected to be the main source for wheat imports with about 4 MMT already imported from Russia. Iran’s wheat imports are reported to be 1.95 MMT since the start of the Iranian year in March 2021 – this was from 122 vessels. Jordanian bakers, at least a few, have started using just local wheat in producing “baladi” bread (baladi is village in Arabic) – this is local flatbread that is normally produced using imported white wheat. Jordan on...
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.