Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Qatar has contributed $20 million to the “Grain from Ukraine” program. Egypt’s Prime Minister says that inflation will be down to 10 percent by 2025 due to the government’s economic reforms. Inflation stood at 34.6 percent in December 2023. Egypt’s Central Bank is expected to allow the Egyptian currency to drop in value against the U.S. dollar by about 30 percent in 2024. Currently the secondary (black) market rate for U.S. dollars is about 60 percent higher than the official bank exchange rate. The drop in exchange value had been expected for late 2023 but did not happen. Egypt’s wheat imports for 2023 were...
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.