Russian Grain Markets: 4–8 March 2024 Russian grain markets remained bearish against global trends and recent tenders which traded wheat, Russia’s number one exportable commodity, at relatively low levels. The government realized that some tenders were lost to Romania, and even Ukraine, and is aware that prices need to be lower FOB Black Sea Russia to win more tenders. To do that, one of the main factors is export duties. For two weeks in a row the export duty for wheat has been going down and so were milling wheat prices, especially during the past week. The domestic market is watching closely and is starting to compete with the export market for commodities which can be processed locally (corn for example). From the beginnin...
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.