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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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.

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