Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Morocco has announced that the duty on durum and soft wheat imports will be suspended from 1 January - 30 April 2020. This is being done to “ensure a regular supply of wheat and to maintain price stability”. Trade experts say that Morocco may have to import as much as 8.2 MMT of all cereals, including about 4.8 MMT of wheat – this due to the very dry year and poor local crops. Morocco has opened a tender for U.S. durum wheat as the import tax on durum wheat has also been lifted. The tender is for about 350,000 MT for arrival by 21 May 2020. The durum wheat crop in the U.S. has not been very good this year so Morocco will probably find that U.S. prices will be muc...
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.