Regional News Egypt raised the price of wheat it buys from its farmers by 20 percent to $323.90/MT after January-March imports totaled 23 MMT (up 13 percent) and hit a new record high. Algeria is reported to have purchased 400-450 KMT of durum wheat most likely sourced from Mexico and Canada at prices of $412-430/MT CNF for May-June delivery. The Food Agency of France is pushing for a ban on the use of the insecticide Phosphine in cereals crops. Such a move would make it more difficult for the country to export grain to African countries, where treatment is required for import. Barley prices have pushed lower, reportedly, because of this effort. Slovakia has announced it will ban the import of Ukrainian grain and...
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.