Although China has announced a record harvest this summer, a major concern among rural development researchers is sustainability, considering the combination of China's growing population, shrinking productive land due to urbanization, desertification, water shortages and pollution. China Announces Bumper Harvest, but Sustainability is an Issue China's National Development and Reform Commission (NDRC) has announced that the country had a record harvest this summer, which is the 11th consecutive year of increased output. Wheat production grew 3.6 per cent from last year to 136.6 MMT. The country's summer grain crops, mainly wheat and early season rice, usually account for about 20 percent of its annual grain output. Autumn grain crops, whi...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
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.