Chinese Pork Reserves Tapped Economic growth, lead time demand, and supply and delivery problems caused by cold weather in November and December have pushed up Chinese pork prices late in 2012 and into the New Year. As a result, China's Commerce Ministry on 31 January announced its intentions to release 4,800 MT of pork from the country's strategic reserves to medium and large cities for the Spring Festival, which takes place in mid-February. To date, Zhongpin Group released 2,000 MT of pork from strategic reserves in Henan on 1 February. On 2 February, 3,300 MT were released into the market in Lanzhou, the capital city of Gansu. Pork prices are softening, as have pig and sow prices, but only slightly because of a lack of sufficient he...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.