Back in January, U.S. wheat growers were demanding that USTR file a WTO case against India for exceeding its de minimis limit of subsidies capped at 10 percent of the value of wheat production. The demand was presaged by a U.S. government counternotification to the WTO that New Delhi had substantially underreported its subsidies for wheat. In fact, up to half the value of the wheat crop was subsidized and new fertilizer subsidies were being introduced. Then Russia invaded Ukraine and the supply of the world’s most popular food grain was threatened. Those concerned about food security looked optimistically to India’s impending bumper crop of wheat. Indian officials predicted exports in FY 2022/23 (1 April to 31 March) woul...
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.