China’s COVID Food Protectionism Under the pretense of preventing the spread of the coronavirus, China is requiring more intensive inspection of imported food products. The result is that import inspections that use to take three days have now stretched out to 10 days, putting at risk the quality of more perishable products. Worse, its anti-virus policy is disproportionately focused on imported products. According to the government’s briefing, almost 80 percent of food products subjected to sampling have been imported, versus 20 percent of samples coming from domestically produced foods. This despite the government’s goal of 95 percent food self-sufficiency and a likely number closer to around 90 percent of food be...
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.