The Middle East and North Africa (MENA) imports 40 MMT of grain each year, over half of which is wheat. Wheat represents half the calories consumed in countries like Tunisia. Food self-sufficiency is often raised in the context of Japan, but 60 percent of the region's consumed calories are imported, and the share is forecast to continue rising. A World Bank project emanating out of the food price shock of 2008 and focused on better managing future volatility has some good and wrong answers. First, the good.Anyone trading wheat in the MENA region is aware of the logistics hurdles. The World Bank estimates that it takes $40/MT and 78 days to move a shipment of wheat into the region. By contrast, it is $11/MT and 18 days to get a shipment of...