News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Hodeidah, a major port city in Yemen, will undergo an expansion and modernization program that is estimated to cost $700 million. According to reports in the Yemeni press, this port handles 70 percent of the country's imports, but has not seen any major port development in the past 25 years. With Yemen importing almost all of its grain and oilmeal requirements, any improvement in the port will certainly facilitate grain trade to the country.The Iranian government has announced that it will increase its purchase price of wheat from farmers by about 30 percent per MT and will supply 300,000 MT of wheat seed for the next planting season. Iran would very much like to increase the local p...
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.