Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA An electrical fire at the main grain silo in Tartous Syria has meant that 35,000 MT of wheat had to be moved to other storage. The wheat was not damaged by the fire but there was some damage to the silos – total damage to the silos is not yet known. Luckily, no one was hurt in the fire that lasted for several hours. The head of Algeria’s grain purchasing office, OAIC, has been removed from his position due to the “Lithuanian wheat” situation that resulted in 30,000 MT of wheat being declared not fit for human consumption. The wheat is said to contain “red seeds” that are not allowed. The UK has announced that it will be contributing an extr...
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.