Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt says that it will establish a commodities exchange for the trading of items that will include wheat, sugar, corn and rice – both locally produced and imported. They say that it will be in place in the next 36 to 48 weeks. Several quasi-government agencies will be shareholders in the exchange. Egypt’s GASC purchased 300,000 MT of milling wheat for February 2020 – 120,000 MT from France at $245.50/MT CNF, 60,000 MT from Romania at $245.45/MT CNF, 60,000 MT from Russia at $245.98/MT CNF and 60,000 MT from Ukraine at $245.93/MT CNF. This tender did include the new term that allows Egyptian inspectors to check wheat at load ports. Egypt has fallen a little short in i...
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.