Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt’s bread price needs to increase according to President Sisi since the price has been fixed since 1977. The Ministry of Supply is going to analyse the situation and report to the cabinet. In years past, even the rumour of bread price increases led to serious protests and some riots in Egypt. The price of bread is of great importance to all Egyptians due to the very high per capita consumption of bread. According to President Sisi, you can get 20 Egyptian loaves for the same price as one cigarette due to the heavy government subsidy on bread/flour. Iran reports that its new 100,000 MT grain silo, discharge facility in Chabahar port will be fully operational and will...
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.