The EU has negotiated a trade deal with Japan following on the Japan-Australia agreement of 2015. With the U.S. pulled out of the TPP, U.S. red meat exporters are now at a disadvantage with two of their biggest competitors.When President Trump pulled out of the Trans-Pacific Partnership (TPP) agreement, the U.S. red meat industry lost leverage in Japan. This has been one of its top markets since Japan ended its quotas on U.S. beef under the 1988 beef and citrus trade agreement. The TPP would have given U.S. beef and pork enhanced access there, which would have leveled the playing field with Australia. That country has an 8 point tariff advantage over U.S. beef under the 2015 Japan-Australia Economic Partnership Agreement. Now in the vacuum...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.