Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran is reported to have bought as much as 1 MMT of wheat recently with quite a bit from Russia, but also significant purchases said to be from Germany. Iran’s total wheat imports for 12 months are expected to reach about 3 MMT. Reports are that recently there were 20 grain ships stalled outside Iranian ports that could not discharge due to payment problems to suppliers. According to news reports, most of the recent wheat purchases by Iran were not through major international grain companies but through middle eastern and Asian trading houses. Egypt will once again be sending grain inspectors to load ports to check on wheat cargoes. Load port inspections and approval had been stop...
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.