China Rice Imports Increase Sharply in 2012 According to the latest data from China Customs, China's first nine months of rice imports reached 1.87 MMT, a sharp increase of nearly 262 percent year-on-year. The importing countries are led by Vietnam, followed by Pakistan and Thailand. Some market experts estimate that the total import of rice may exceed 2 MMT, significantly higher than last year's 578,000 MT.China is both one the world's top rice producers and consumers, and is considered to be wholly self-sufficient. Approximately one-third of all the rice in the world is produced and consumed in China. China also reportedly holds more than 40 percent of the world's reserves. But this year's imports indicate that China's rice supply situ...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.