Ocean Freight Comments - 3 May 2024 By Matt Herrington Dry bulk freight markets continue to struggle as there is over capacity for several vessels classes and a lack of meaningful cargo demand improvement. Vessel owners and market players remain optimistic, however, that rates will rally in LH...
Bread is a critical basic food in Egypt and Russia has been a prime supplier. But Russian wheat prices have been rising, and now two shiploads of the commodity are delayed departing for Egypt. President Abdel Fattah al-Sisi has a tight grip over the military and the government, but war on the b...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.