Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Eid-Al-Adha will be celebrated in Muslim countries from 27 June until 1 July. Businesses, banks, and the government will be closed for this period. Morocco will offer subsidies on up to 2.5 MMT of imported milling wheat during from 1 July - 30 September. An import “benchmark” price of about $271.60 has been set by the government and importers will be reimbursed for any cost above that level. Egypt is expected to be the number one importer of wheat again in 2023/24 with imports that could be at 12 MMT. Turkey, Algeria, Morocco, and Nigeria are also in the top 10 list of wheat importers. Egypt’s Suez Canal has seen a drop of 40 percent in...
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.