World Perspectives

India's Prolific Agriculture

India is the world’s ninth largest agricultural exporter. The Biden Administration wants to negotiate with India on agricultural trade access, but New Delhi has a good thing going. Its agricultural trade surplus with the world has been growing, and more than a third of the reason is trade with the U.S. In 2022, the U.S. sold India around $2.5 billion in agricultural products. Mostly non-competing tree nuts ($1.022 billion), cotton ($520 million) that gets reimported as value added textiles, ethanol ($301 million) and vegetable oil (290 million). India sold the U.S. $6.9 billion in agricultural goods, dominated by spices, essential oils, vegetable oil, rice, tea, and processed fruits and vegetables.  ...

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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.

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