While China starts to reduce the role of government purchasing in the corn market, it is also beginning to shift its corn importing policy by possibly adjusting import quotas and diversifying its international suppliers. China to Import Large Volume of Agricultural Products At China's recent Food Safety and Food Security Strategy Summit for 2014, the National Development and Reform Commission (NDRC) claimed that the nation will import a large volume of agricultural products in coming years. Soybean, meat, cotton and sugar imports were highlighted at the meeting. While production of China's three major grains is expanding, that of certain crops such as soybeans is limited. On the demand side, the nation's dairy, egg, meat and animal protei...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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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.