Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s Forafric Global has bought 90 percent of Societe Industrielle de Minoterie Du Sud which is a Moroccan soft wheat miller. This acquisition will add 300 MT per day of milling capacity to Forafric. Morocco’s wheat crop is forecast by the FAO to increase by 64 percent to 4.1 MMT as the current drought is ending. Barley production is expected to reach 1.35 MMT, up 97 percent. Grain imports will fall slightly to about 8.3 MMT. Imports remain high so that depleted stocks can be rebuilt. About 60 percent of grain imports are wheat according to the FAO. Morocco, Tunisia, and Egypt are all expected to have record tourist levels year this year...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.