Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Grain information and activity in the MEA region was reduced greatly this past week as it was the first week of Ramadan with reduced working hours for businesses, banks and government offices. Pakistan flour mills are said to be mixing maize and rice flour with wheat during milling in order to reduce costs. Analysis of some wheat flour has shown below standard qualities. Local maize prices are about half the price of wheat which makes the adulteration very profitable for the millers. Blending of up to 10 percent maize/rice flour is said to be common. Tunisia is forecast by USDA-FAS to import 555,000 MT of soybeans in 2024/25 along with 12...
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
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.