Regional Update MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Abu Dhabi’s state owned ADQ (formerly Abu Dhabi Development Holdings) has purchased a 45 percent stake in Louis Dreyfus Company (LDC). The actual purchase price has not been disclosed. LDC has 18,000 employees and 2019 turnover of $34 billion. ADQ has increased its focus on food security and logistics since the start of COVID-19. Comments in the trade say that this will make LDC into more of an “integrated food business” rather than being “mainly trading focused” Saudi Arabia is moving closer and closer to putting grain imports in private sector hands. According to the Saudi Press Agency “private entities have been assigned the process...
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.