Bipolar World Countries were already divided before Russia’s war on Ukraine, but the conflict has brought it into plain sight. The WTO has been unable to reach any new agreements for decades. Director-General Ngozi Okonjo-Iweala acknowledged this week that the upcoming 12th ministerial conference would only be a stocktaking session, which is probably all it was going to be anyways. Trade growth is slowing and nations are hell-bent on reshoring and only trading out of necessity. The G20 is a smaller group of countries than the WTO but still disparate enough to limit progress. Nothing gets hurt if the November meeting is just a shouting match between Russia and its opponents. What is new is the split developing in monetary polic...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
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.