Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION The Arab world is celebrating the end of Ramadan holiday. Businesses, banks, and government offices will be closed. Egypt’s holidays are longer due to Sinai Liberation Day holiday. Egypt says it will spend $1.4 billion buying local wheat in 2023. The amount to be spent is up by 75 percent from 2022 due to high international wheat prices. The government is expected to purchase about 4 MMT of local wheat. Egypt’s total wheat crop for 2023 is forecast to reach 9.5 MMT. Egypt’s credit outlook has been lowered to “negative” by S&P Global rating service. This lower rating will probably make importation by the private secto...
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.