Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt reports that the government has purchased 3.66 MMT of local wheat. The total is expected to increase as it will buy wheat until the end of June. The Romanian wheat cargo that had been rejected in Egypt will now be allowed to enter the country after passing its second sampling and analysis. Pakistan reports that the 2018/19 wheat crop plus additional stocks will reach about 28 MMT against national consumption of just under 26 MMT. This would indicate a surplus of 2 MMT, which is not much at less than 10 percent of the total and lower than the 3.7 MMT said to be carried over in the previous year. Morocco’s barley production is forecast to drop from 2.9 MMT to just over 1 MMT...
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...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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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.