World Perspectives
feed-grains soy-oilseeds wheat

Middle East and Mediterranean Regional Analysis

News Updates MEDITERRANEAN AND MIDDLE EAST COMMENTS There has been some tightening of Turkey's GMO inspection rules in the past couple of weeks. This mainly is due to the discovery of GMO rice that had entered the country illegally. The inspection rule had required that 20 percent of a shipment needs to be sampled for analysis, but the new directive requires 100 percent of all products that are possibly GMO to be sampled, including corn and soybeans and products derived from these items. Importers in Turkey have reported that cargoes will not be discharged until the GMO approvals have been received. Previously, cargo could be discharged to bonded facilities awaiting approval. With the much larger shipment sampling requirement, it is expec...

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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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