Egypt’s General Authority for Supply Commodities (GASC) purchased 470 KMT of wheat today. It will come from four countries: Romania, France, Ukraine, and Bulgaria. Russia is notably absent. Egyptian President Abdel Fattah el-Sisi was re-elected with 90 percent of the vote and is now forming a new government. His gift to his supporters is a 300 percent increase in the price of heavily subsidized bread. The consumer share of the price will still be a fraction of the government’s costs. However, something needs to give. The nation’s population is growing by 1.2 percent each year, and yet wheat imports and domestic production are flat, as are rice and poultry. Hunger is considered moderate in Egypt but overall supplies...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is reported to have completed its rail link from the border with Afghanistan to the Iranian port of Chabahar on the Gulf of Oman — the link is expected to be fully operational in early 2027. This will be Afghanistan&rsq...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.