The ”smart-card” system in Egypt for subsidized food, including bread, is being moved to the control of the military production agency from the ministry of supply. The government says that the switch will have two notable effects. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS There is good news for North African wheat importers as Romania reports that its wheat crop is up 7 percent over last year at 8.4 MMT. Egypt is a major importer of that origin. With France’s wheat quality problems this year, a larger Romanian production could mean a higher level of exports to North Africa.Bangladesh has switched its feed and milling wheat buying to the Black Sea as stocks from India are no longer available since the crop there has been reduced...
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.