The news headline says that the Filipino government will import 21,060 MT of onions to fill a supply shortfall until the next domestic harvest in February. Consumer prices have quadrupled in the last four months, which has created a political issue. Vegetables as a general category are subject to far less trade than major row crops, but onions surprisingly standout as a product in that category. The Philippines will likely source them from nearby New Zealand, which supplies over half the globally traded onions. Who knew? China at 13.5 percent and Mexico with 12.5 percent dominate the global export market for vegetables as a general category. They are followed by Spain and the Netherlands. The U.S. is the largest importer of vegetables, tak...
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
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.