Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s soft wheat subsidies are expected to reach $410 million in 2022, more than triple normal levels. This is due to the very poor 2022, drought related, wheat crop and the high level of expensive imported wheat that will be required. Morocco maintains its soft wheat prices at a fixed levels so must absorb all the excess cost of imported wheat over the fixed price. Officials in Morocco say that the drought in the country is the worst in 30 years. Egypt’s Central Bank has announced a new requirement that, beginning on 1 March, import payments will have to be done by letter of credit. At present most grain imports are being done on cash again...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.