High maize prices in South Africa have in turn pushed up local poultry prices, leading to an expected notable increase in poultry imports this year and an additional 8 percent in 2017. Meanwhile, a recent report indicates Morocco's grain situation is even worse than expected. MIDDLE EAST/MEDITERRANEAN COMMENTS The Central Bank of Egypt(CBE) has advised that it will be supplying funds from its USD reserve to support the import of basic commodities. The government wants to build a reserve stock of these essentials in order to use them to try to control their price inflation. The commodities specifically mentioned were wheat, rice, meat, cooking oil, sugar and poultry. There is also some thought that this may be occurring in advance of a dev...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.