Mediterranean/Middle East/North Africa/Africa – MENA Region Pakistan has made “major amendments” to its biosafety regulations that it says will “simplify licensing procedures, ease import restrictions and facilitate laboratory research”. Companies will have to apply for licenses for specific GMO events which, when approved, would allow freedom for importation. Egypt continues to be the largest importer of wheat, importing as much as 13.0 MMT of wheat annually. The government has plans to increase local wheat production to 10 MMT and will purchase about 5.0 MMT for its subsidized bread program. Experts do not expect wheat imports to drop as population and consumption continue to increase. Also, private sector wh...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has just held its first meeting of the Committee on GM Corn. The Committee was established to "undertake an objective, science-based, and evidence-driven review of Pakistan’s policy regarding the commercialization o...
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.