Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is hoping to increase the 2023 planted area by 1 million acres. In order to do this, it will have to reclaim desert lands and use existing underground water supplies. Egypt also plans to improve the seed stock used to increase yields and to expand the existing irrigation systems. As the agriculture minister has said, this is a very big and very challenging list of projects for Egypt. Egypt is reported to be looking everywhere for wheat supply to cover the amount missing in shipments from the Black Sea. In recent years Egypt has received just over 80 percent of its 12 to 13 MMT of wheat imports from Russia and Ukraine. Egypt is now receiving whea...
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.