MIDDLE EAST/MEDITERRANEAN COMMENTS The Iranian port of Chabahar is being officially inaugurated this week with a good deal of the funding for improvement and expansion provided by a $500 million contribution from India. It is located outside of the Persian Gulf and is readily accessible from India, which has begun shipping wheat exports to the port for later transport over land to Afghanistan. India’s involvement and investment in this project is logical since Pakistan restricted the trade route from there across its borders to Afghanistan. Iran and Kazakhstan are seeking closer cooperation, which could lead to improved trade with the lifting of current restrictions on the importation of the latter’s wheat a possibility. Iran...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.