Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s COP27 conference has set a new “123 Pledge” program that is directed at reducing food waste in production, handling, retail and consumer levels. Fourteen percent of food is said to be lost in the food chain from farm to wholesale with another 17 percent lost at the retail and consumer level – a 31 percent loss in all. The 123 Pledge is a series of actions that must be taken by countries and groups to reduce food waste. Pakistan will receive wheat seed and fertilizer from USAID in the flood affected areas of the country. This is being done to help Pakistan to ensure food security in the flooded regions. Pakistan’s Sindh...
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.