Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s current zero wheat import tax is expected to be extended until September rather than expiring on 31 May. Morocco’s drought driven wheat imports are up by almost 70 percent over 2021/22. The wheat crop is forecast to improve in 2023/24 but still be well below average. Kuwait’s Foreign Minister met, on 4 June in Kuwait, with the UN coordinator for the Black Sea Grain Initiative to discuss the importance and the future of the Black Sea program. Kuwait supports the initiative and is working toward a solution for the Russia-Ukraine conflict. Yemen’s local grain crop is expected to total about 405,000 MT this year, but grain imp...
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.