Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION North Africa is said to be the largest wheat importing region in the world according to a recent report and the GRO Drought Index. Wheat import by the region in 2023/24 will be the highest in seven years with wheat stocks in Morocco, Algeria and Tunisia at 10 year lows. The increase in imports is due to the 50 percent plus drop in rainfall in Morocco, Algeria and Tunisia. While there has been some recent rainfall in the region it has not been enough to rebuild the soil moisture levels. Egypt has not seen the same levels of drought and Libya produces very little wheat. Egypt’s grain imports are expected to drop slightly in 2023/24 to 20 MMT, according...
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
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.