Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is reportedly looking at the possibility of importing wheat from Zimbabwe, Mexico, and Sweden as part of its plans to increase the number of sources for its yearly wheat requirements. According to news reports, Egypt will have 22 certified wheat exporters/suppliers (countries) by 2025/26. Egypt plans to increase wheat planting in 2024/25 by 10 percent. Local wheat storage will also be expanded from the current 3.9 MMT to 5.2 MMT. Egypt’s new Mostaqbal Misr (Future of Egypt) program, along with other current land reclamation programs, is forecast to increase Egypt’s total agricultural area by 40 percent by 2027. Much of the land reclamatio...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.