Egypt’s GASC has raised the minimum protein requirements on its wheat tenders, and some indicate this may be a problem for one particular origin. Meanwhile, there has been a reported shortage of imported wheat for blending with domestic stocks to raise the overall milling quality. MIDDLE EAST/MEDITERRANEAN/MIDDLE EAST COMMENTS The Syrian government has changed the wheat price paid to farmers, increasing it to $270/MT from $240/MT last year due to perceived higher production costs. It also said that additional farmland is being freed up for production as the Syrian army gains more control. Much of the wheat-producing area has been under the domination of rebels in recent years.Egypt’s GASC has raised the minimum protein requirements on it...
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...
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.