It was announced on 24 June that China will revise its food safety law to include tougher rules for safety and stricter supervision. However, decentralized food production systems and a highly fragmented food processing industry make it a challenge to implement the law consistently at all levels. China Seeks Options to Reduce Large Corn Reserves A National Development of Reform and Commission (NDRC) official recently claimed that China's grain stocks total 350 MMT, which include 150 MMT of corn. Government authorities are examining several options to reduce the large corn reserves in order to avoid significant financial burdens and a storage capacity shortage. The first possibility involves continuing the current corn reserve auctions, al...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.