The UN FAO reports that global agricultural commodity prices rose 3.1 percent in 2020. Though overall commodity prices are still below 2012 levels, vegetable oil prices are now at their highest level since that pivotal year. Global vegetable oil prices rose 4.7 percent in December alone, and were up 19.1 percent for the year. Ending stocks for the big four (palm, rape, soy and sun) are now at more than a decade low. Stocks were partially driven down by price since the average value to producers for these oils in 2019 was $519/MT, versus $662/MT in 2011. Until the spike in 2020, the average global vegetable oil price had been down 32 percent in real terms from 2011. But the decline in stocks is uneven. Rapeseed oil stocks are down one-third...
The magpie goose (Anseranas semipalmata) is the sole living representative species of the family Anseranatidae. This waterbird is found in northern Australia and southern New Guinea.[2] The species is not truly migratory but it sometimes travels large distances to find food and water, especiall...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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.