Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has advised that fuel prices will be reviewed every three months after recent increases of up to 30 percent. The subsidized fuel prices there will be based on world fuel prices as well as the value of the Egyptian pound against the USD. Reports in Egypt say that poultry prices will have to increase due to the higher costs of cooling/heating poultry houses and transporting grain from the port to farms. However, the government says that bread prices will not rise. Egypt is setting up a National Food Safety Authority (NFSA) to “improve regulatory oversight and efficiency in the food system.” It is expected to “play a crucial role in enhancing the efficiency of the g...
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.