Macroeconomics Food Inflation Soars to 1 Percent in May After seeing food prices rise by just .4 percent in April, May saw a sharp rebound driven by the cost of cooking oils, fresh fruit, and milk. May also marked the fourteenth consecutive month that the cost of food has risen year-on-year. The average price for cooking oils, fresh fruit, and milk moved up by 3.6 percent, 3.4 percent, and .6 percent, respectively, but the increases were actually less than in April. The other major factor was the cost of fresh vegetables, which continued to fall in May as compared to their price a year ago, with a decrease of 1.7 percent. However, that was markedly lower than in April when they fell year-on-year by 13.5 percent. The price of eggs also dro...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.