Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt has seen a sharp rise in wheat prices due to increased shipping costs and the 9 percent drop in the value of Egypt’s currency. Wheat prices in Egypt are said to be up by as much as $24/MT. Both ocean freight costs and local transportation costs are much higher, and soybean and maize prices are being affected as much as wheat. Egypt and Indonesia are both close to becoming the world’s largest wheat importers. Both countries are forecast to import as much as 13 million MT of wheat each in 2025/26. Egypt consumes in excess of 20 MMT of wheat per year with local production of about 9.0 MMT. Indonesia produces very little wheat and imported 10.4 MMT in 2024/25, wh...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.