China has adjusted its government stockpile auction system in an incomplete effort to cool over-heated demand and prices for its reserve corn. High bid rates and outsized demand is expected to continue into the sixth auction of the season. Attempting to control the bid process is a classic rejection of the capitalist use of prices to manage supply and demand. Higher bidding prices will eventually temper price and demand. Beijing also apparently rejects increasing supply via imports, which would concurrently cool prices and better meet demand. China has a long policy history of attempting to have its cake and eating it too – ensuring higher prices to corn farmers while not choking off the livestock sector’s ability to meet consu...
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.