The Egyptian government forecasts local aquaculture production, which currently meets 80 percent of the country’s consumption demand, will increase 35 percent by 2018, necessitating notable growth in soybean imports for crushing in order to support the accompanying fish feed requirements. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The latest USDA-FAS report regarding Turkey indicates its soybean imports will drop 130,000 MT to 2.15 MMT in 2016/17. Ukraine is expected to be the largest supplier at about 800,000 MT with Paraguay at about 550,000 MT and the U.S. at 400,000 MT. Soymeal imports are forecast to be steady at about 600,000 MT with Argentina supplying the highest volume at about 370,000 MT. USDA also says that the expans...
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.