The beef industry is still reviewing the new regulations for resuming shipments to China, and that analysis will lead to assumptions about export volumes next year.Yesterday USDA’s Agricultural Marketing Service (AMS) announced that the details of a protocol for U.S. import access to China were settled. The agreement was part of the 100-Day Action Plan between the two countries that started after President Trump and Premier Xi met in early May.China is an emerging market for beef imports as its domestic production capacity is somewhat limited. The market there also generally has a preference for pork. China’s imports were valued at only $275 million in 2012, but they grew to $2.5 billion in 2016. The import total is equivalent to about 46 p...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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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.