Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s change in government wheat importation is said to have led to market confusion and a drop in available wheat supply. The change from GASC to Mostakbal Misr (MM) has caused major changes in buying methods, with international tenders stopping while MM has been buying wheat from local importers. Reports say that international companies are hesitant in dealing with MM due to its lack of wheat buying experience – experienced local private sector wheat importers are preferred to dealing with MM. The change in wheat buying methods is said to have increased wheat prices by about 10 percent. MM is said to have bought 2.7 MMT of wheat from local importers. Egyp...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
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.