Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS This past week has been the Eid Al Adha period in the Middle East/North Africa (MENA) region. Banks and government offices closed for several days, and news of grain matters has been very limited. With Saudi Arabia changing its standards for wheat imports, wheat exporters in Germany are concerned as they see their largest market (Saudi) disappearing and say they will be trying to develop replacements. Syria and Crimea are reportedly planning to sign an “economic cooperation agreement” at the 61st Damascus International Fair, scheduled for 28 August-6 September, with the latter sending a high-level delegation there in advance. There will also be discussions regarding the pos...
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.