Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egyptian officials say that the government plans to buy at least 4 MMT of local wheat in 2018, an increase of 10 percent or more versus last year. The government has not yet announced its 2018 purchase price, but that is expected soon. Pakistan has reportedly agreed to subsidize 2 MMT of wheat for export, which will greatly interest East African buyers and UAE traders of low-cost wheat. Subsidies of up to $159/MT will be allowed. The government is currently holding 10.7 MMT and hopes to clear the very large stocks on hand before the 2018 harvest. Wheat production is encouraged in Pakistan by the very high domestic price of about $310/MT along with the 60 percent import tariff. Saudi Ar...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.