There have been plenty of concerns voiced over the future of the global trading system post-COVID-19. The Trump Administration receives plenty of ink for suggesting that outsourcing the medical equipment supply chain hurt Washington’s ability to respond to the pandemic. However, it wouldn’t have mattered as much where supplies come from if more had been done to stockpile equipment ahead of time. The same applies to food and agriculture where some countries responded by imposing export restrictions or increasing purchases of commodities like rice. There are plenty of other bad ideas floating around. Former Irish Minister for European Affairs Dick Roche joined others in a letter recommending no imports of “food and ot...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.