News Updates EGYPT COMMENTS With financial problems in Egypt plaguing the government, GASC must look at a wide range of alternative methods to pay for needed wheat imports. GASC's recent 60,000 MT purchase of U.S. wheat was funded by USDA export finance programs. It now looks like Egypt is considering buying from the grain trade through private agreements, as had been done before GASC began self-financing. GASC is required to finance import letters of credit in cash because of Egypt's new foreign exchange regulations, but these days it has been unable to provide the cash needed. Of course, GASC is not the only organization being hit by the new regulations; all importers must follow the same foreign exchange rules and have been finding it...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
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.