Macroeconomic Trends Food Inflation Falls to Lowest Since February 2019 With October retail pork prices falling for the first time in China in the past 18 months, food prices for last month were up by just 2.2 percent on an annualized basis. Compared with this past September, which saw pork prices rise by 25.5 percent, the average retail pork price in October fell by 2.8 percent. Meanwhile, egg prices continued their downward trend, declining by 16.3 percent last month year-on-year versus a 15.8 percent drop in September. Heading in the opposite direction were the average prices for fresh fruit, fresh vegetables, cooking oil, and dairy products, which saw gains of .4 percent, 16.7 percent, 4.7 percent, and 1.3 percent, respectively. For...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.