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Honey Rebounding

Global honey production fell 6.3 percent between 2017 and 2019. Culprits for the decline included Colony Collapse Disorder and the use of pesticides such as neonicotinoids. However, since then production has rebounded by 4 percent and continues expanding on an upward trend. In Europe where the decline was felt acutely, honey production increased by over 6 percent between 2021 and 2022. Not so in Ukraine where the toll of the war has caused honey output to slide lower.  From a trade standpoint, the production drop-off resulted in a concurrent fall in global honey trade. However, honey shipments in 2022 hit a record 770,562 MT. The push for more natural sweeteners is likely to keep trade expanding, provided production continues to rebou...

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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.

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