Regional News Russia continues to solidify itself as a rising supplier of agricultural products to China. News broke last week that China’s General Administration of Customs will allow the import of soymeal, sugar beet pulp, rapeseed meal, and sunflower meal from Russia. Those products are added to a growing list that includes the approval of wheat and soybeans from seven specified regions in Russia. Ukraine’s strong agricultural exports are driving economic growth in the country, with the trend prompting ratings agency Fitch to project 3.4 percent GDP growth for the country in 2019. So far in the 2019/20 marketing year, Ukraine has shipped $1.87 billion worth of wheat (primarily to Egypt, Indonesia, and Bangladesh), alo...
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.