Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s Wadi Poultry, a division of Wadi Group, has seen the purchase of shares in the company by Mitsui & Company of Japan. No financial details of the share ownership have been released. Wadi Group says that this will allow expansion in Egypt and for export markets. Wadi Group has annual revenue of $350 million and has 2,600 employees. Egypt will receive a $100 million investment by UAE based Arab Authority for Agricultural Investment and Development (AAAID) which will be targeted at the agriculture and livestock sectors. The investment will be made over the next three years. Egypt cash forward contracts are showing the potential for a 30 to 35...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.