Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt has received a $3 billion 46-month loan from the IMF with extra support of $14 billion expected from other sources. The change to a flexible exchange rate system is expected to “preserve microeconomic stability” and to lead to lower inflation. Egypt officials report that strategic wheat reserves stand at 4.8 month’s supply. Oman’s Salalah Mills reports its wheat reserves stand at a nine-month supply. Oman’s local wheat production is just under 3,000 MT per year – close to 100 percent of wheat supply is imported. Turkish officials say that 556 ships have used the Black Sea grain corridor from Ukraine since it began...
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.