World Perspectives
soy-oilseeds

Olive Oil Shortage

The price of olive oil has hit over $6,000/MT on a combination of increased demand and a production shortfall in Spain caused by drought, or what some claim is more permanent adverse consequence of climate change. Europe has historically dominated the world’s production of olive oil, producing up to 70 percent of the supply. That share dropped off more recently as production elsewhere in the world hit a new high at the same time European production has failed to repeat the peak it achieved in 2019. U.S. production mostly occurs in California, which has its own version of drought problems. It may require breeding a more drought tolerant olive tree to restore a supply/demand balance. ...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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