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Middle East and Mediterranean Regional Analysis

News Updates EGYPT UPDATE The Egyptian Government announced that it is allocating another $166 million for local wheat purchases, increasing the available funds for grain purchases by about 25 percent. This week it was reported that the local purchases to date exceed 2.6 MMT. With local prices higher than world market prices, local traders reportedly are selling imported wheat as local wheat and making profits in excess of $100/MT. It's not too surprising that this has happened, since the exact same situation exists in Iraq as well.Local traders in Egypt estimate that as much as 700,000 MT of non-Egyptian wheat has been sold as local crop while traders in Europe believe it is probably no more than 300,000-400,000 MT. Still, $100/MT profit...

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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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