Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan has lifted the ban on the interprovincial transport of wheat and has also removed the import duty on wheat. Wheat and wheat flour shortages have developed in some parts of the country and these government actions are expected to help control the rapid rise in wheat and wheat flour prices. The wheat import duty had been set at 8 percent. The latest FAO report on Yemen shows that the local wheat and sorghum harvest will be well below the five-year average. The total Yemen crop is only at about 365,000 MT while grain imports will be up at 4.3 MMT – 3.2 MMT wheat, 700,000 MT maize and 400,000 MT rice. Close to 80 percent of Yemen’s population needs food assist...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
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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.