WTO members committed in the Nairobi Ministerial declaration to create a rule regarding a government’s right to use stockholding for food security purposes. There is a related issue, though, that should also be considered.WTO members committed in the Nairobi Ministerial declaration to create a rule regarding a government’s right to use stockholding for food security purposes. Some major agricultural export countries now say they are open to such a rule provided it does not result in stocks contributing to exports, and some developing countries claim a new rule is necessary because existing rules lack clarity. Both parties are wrongChina, for example, stockpiles somewhere between 114 MMT (USDA) and 150 MMT (say some Chinese analysts) of surp...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.