Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Oman Flour Mills (OFM) is reportedly about to receive the first direct farmer shipment of wheat from Australia. OFM is a regular buyer of OZ wheat, normally buying from an international grain company, but this new direct farmer purchase is said to give them better product quality control. It is expected that there will be further direct sales to export buyers. Pakistan’s head of the Chambers of Commerce said that surplus stocks of both maize and rice would be exported to markets including Africa. He added that developing new world markets and markets in Africa must be explored as top priority. Developing new export markets could, he said,...
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.