Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Tunisia’s grain harvest in 2023 is forecast to drop from 750,000 MT to only 250,000 MT because of drought and the restrictions put on water use. Only about 15 percent of the grain area is irrigated so rainfall is very important. Total grain imports are expected to reach 3.8 MMT. Morocco reportedly revised its import wheat subsidy program so that Black Sea wheat is given a subsidy close to that for European origins. The European subsidy is now only about $1/MT higher than for the Black Sea – it had been about $10/MT higher. Egypt’s strategic wheat reserves are at 2.3 months with the Egypt wheat harvest beginning later in April...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.