Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Saudi Arabia is adjusting its wheat import requirements for implementation as of the next tender. Traders expect that a change in the bug damage limitation will allow Russia to take a large share of the Saudi wheat business, particularly since its FOB prices are very competitive and ocean freight costs likely lower than from other origins. Of course, the change in specifications will also allow tender offers from Ukraine, Romania and Bulgaria, which will make it all much more exciting However, even with the bug damage allowance at 0.5 percent (versus the current 0.0 percent), this may be too low for much of the Black Sea wheat supply. According to reports, Russia is trying to get the lim...
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.