Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt’s Agricultural Bank is putting up EGP 4 billion (about U.S. $254 million) “to mitigate the negative effects of the coronavirus pandemic”. All accounts with debts and defaults up to EGP 100,000 (U.S. $6,400) in November 2021 will have the debt cancelled. This is in addition to the bank’s previous announcement of the cancellation of debts up to EGP 25,000. The program is expected to benefit at least 45,000 customers of the bank. Egypt and Russia are discussing setting up a wheat duty-free logistic zone in Egypt that could hold up to 1 MMT of wheat. There is talk of forming a joint grain trading operation that would supply wheat to Egypt and neighbor...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
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.