In light of recent action taken by Egypt's government regarding a certain tax together with the need to purchase feed ingredients, medicines, etc. from outside the country, the local poultry industry there says that it will have difficulty competing price-wise with imported chicken. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS A recent International Grains Council (IGC) report states that Turkey is the world’s single largest exporter ever of wheat flour and accounts for 32.5 percent of global shipments totaling 15.2 MMT. The second-largest is Kazakhstan at 2.5 MMT, well below Turkey’s 4.1 MMT. Iraq is the largest flour importer at 2.3 MMT, followed by Afghanistan at 1.8 MMT and Uzbekistan with 1 MMT. As a matter of interest,...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.