PepsiCo, Carrefour and GI’s A major story this week is major French retailer Carrefour saying it is dropping PepsiCo products because its prices are too high. It is not unusual for American companies to face attacks from the French but inflation is not a problem that PepsiCo has manifested on its own. Eurostat data show food price inflation in the Euro-area in December was 6.1 percent. PepsiCo sold $9 billion worth of food products in Europe in the first nine months of 2023. That is around one-half percent of total European food market revenues during that period. When trying to solve a problem it is typically best to first identify its source. France’s biggest industry isn’t even food – its tourism, and Fren...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.