Researchers in Kenya have said that planting GM maize could save up to $90 million annually in crop losses as well as lead to an additional production of 400,000 MT. A new such seed developed there is very effective against a cause of those losses and could be in the market by 2019 if the government takes certain action. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Egyptian pound (LE) rate versus the USD dropped again to 17.50 or so over the weekend. It had moved higher during the week to about 15.50 when the International Monetary Fund (IMF) loan was said to be approved. The demand for USD by corporations has been very strong, but the banks are still quite short of that currency. It is reported that $1.5 billion have been exc...
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.
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...