Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s wheat imports for 2023/24 are expected to decrease and wheat stocks could drop to the lowest level seen in 20 years. Severe weakness in the Egyptian pound and a lack of foreign exchange are seen as the major factors for the drop in imports. Egypt’s food inflation annual rate is at 126 percent compared to 2020. Egypt’s CY 2023 wheat imports were up by 14.5 percent to 11.0 MMT, 5 MMT of which was imported by GASC with the balance for the private sector. Eighty percent of the wheat imports originated in the Black Sea – Romania, Ukraine, and Russia. Egypt’s currency (the Egyptian pound) has fallen by 20 percent in Ja...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.