World Perspectives

Egyptian Food Inflation

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 border with Gaza and rising food prices make for a delicate situation.  The government subsidies the price of wheat, rice, and sugar for a large portion of the population. The decline in the value of the Egyptian pound and rising world agricultural commodity prices makes the subsidies more expensive. In FY 2023/24, Egypt’s food subsidies as a share of the national budget will rise 42 percent. The national debt is rising, though it is foreca...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5225/bushel, down $0.02 from yesterday's close.  May 26 Wheat closed at $5.9825/bushel, up $0.0075 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, down $0.05 from yesterday's close.  May 26 Soymeal closed at $315.2/short ton, down $3 fr...

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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.

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