Soyoil Consumption Continues to Grow China's 2011/2012 edible oil consumption stands at 22.7 MMT, nearly a 1 percent increase year on year. Of that amount, soyoil consumption takes up 56.22 percent, up from 54 percent in 2010/2011 and 36 percent in 2001/2002. China's soyoil imports in 2012 increased to 1.83 MMT, as much as 61 percent year on year. In contrast to boosted soyoil demand, rapeseed oil consumption has shrunk because of falling domestic rapeseed production and government regulation on the illegal use of waste cooking oil. It is estimated that the country's per capita edible oil consumption is likely to increase from its current 18.3 kilograms to reach about 23.4 kilograms per year by 2020. Two-thirds of that projected amount w...
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...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.