The rich countries ought to suggest to India that it use a novel feature called the market for solving its sense of food insecurity. Market Solution for Bali It now appears there will not even be a modest trade agreement arising out of next week's WTO Ministerial meeting in Bali. While most countries capitulated to India's demand for a market-distorting food security plan, Pakistan objected since it knew that it would be the first hurt by it. Meanwhile, India was never satisfied that it had achieved the policy space it desired. However, the final nail in the coffin was when developing countries refused to budge on the one thing the rich countries wanted – improved movement of trade at the border. It has been called Trade Facilitation, but...
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.
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...