Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The United Nations reportedly purchased 80,000 MT of Ukraine wheat for Sudan that will be shipped in two 40,000 MT lots in May and July. This is part of the UN food aid program. Financial experts are forecasting a 2020 drop in the value of the Egyptian pound from the current level of about 15.7 to the U.S. dollar to as low as 17.0 to the U.S. dollar. This drop could increase the import cost of grains by about 7.5 percent. The drop is said to be due to the effects on the Egyptian economy by the coronavirus situation. Iraq officials report that the government has received 1.09 MMT of local wheat from the current harvest. The total wheat harvest should reach about 6 MMT...
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.