World Perspectives
feed-grains wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Corn buyers in the Middle East/Africa (MEA) region are said to be benefiting from the low-cost U.S. sorghum offered for sale after being rerouted from China as those cargoes have pushed Black Sea corn prices lower. Saudi Arabia and Spain have been heavy buyers of the afloat sorghum, which means these two countries will be importing less corn for at least the short term. The Italian Agency for Development Cooperation and the government of Egypt are discussing the possibility of building 15 vertical grain silos in that country. Egypt would be responsible for the construction while Italian experts would do the “electromatic” control work. The new silos are expected to improve t...

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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.

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