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Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONEgypt is rumored to be considering further devaluation of its currency against the U.S. dollar. The Egyptian pound has slipped a little in value to 51 to the U.S. dollar, from 48 to the dollar. However, Egypt’s Prime Minister says that there is no need to panic and that devaluation is not currently being considered.Egypt’s trade deficit has increased by 22.8 percent versus September 2023 with increases seen in oil and natural gas import costs. Wheat and corn import costs were down by about 25 percent due to lower international prices.Egypt’s annual urban inflation rate is at 25.5 percent – the lowest level seen since December 2022. Local food prices dropped by 2.8 percent to 23.3 per...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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