Egypt’s GASC has made a few important changes to its wheat purchase terms that impact the acceptable levels of ergot as the country also implemented tighter parameters for import payments and letters of credit. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS There is a great deal of interest in the Middle East/North Africa (MENA) region this week concerning reports that Russia may be lifting or perhaps reducing the export tax on wheat. The tax currently stands at about $4.70/MT, and the government is probably looking very closely at its effect on Russian export competitiveness with wheat exports down about 5 percent so far this crop year.The big surprise this week was the success of Argentine wheat in Egypt’s GASC tender. Its CNF pri...
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 big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
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...
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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.