BRICS Differ In the adjacent article on BRICS Dominate, it is noted how the five key countries (Brazil, Russia, India, China, South Africa) meeting this week in South Africa stand out in terms of global agriculture. However, they are also different from a policy standpoint. Researchers at the University of St. Gallen in Switzerland note some other differences about the BRICS countries:
They make heavier use of subsidies for local business enterprises. Instead of export bans, they tend to use more opaque measures such as licensing restrictions and export taxes and tax-based export incentives. On average, they use fewer import tariffs, quotas, and licenses.
It is the opaqueness, and autocratic approaches to policy by some major...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
New Trade Agreements U.S. and Indian officials say that bilateral trade negotiations are progressing on a comprehensive deal to expand earlier completed chapters on market access, NTBs and purchases. Prime Minister Narendra Modi has become more free trade oriented since consolidating his power...
