Macroeconomics Food Prices Fall in February Due to Sharp Drop in the Cost of Pork Compared with February 2020 when China’s nationwide quarantine was in full swing, this past month’s food prices were down .2 percent on an annual basis. This marks the first time since last November that the average cost of food was down year-on-year. While pig supplies remain uncertain, the price of pork declined at a brisk rate during last month’s holiday period. The average retail price fell by 14.9 percent from a year ago. The decrease was offset by increases in other food items, including eggs, fresh fruit, fresh vegetables, cooking oil, and dairy products, which rose by 3 percent, 3.1 percent, 3.3 percent, 6.2 percent, and 1.2 percent...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.