Contrasting Corn Policies Both Mexico and Kenya have a problem with food security and the adverse impacts of inflation, but Nairobi and Mexico City have arrived at very different policies for addressing the problem. Kenya has adopted open cultivation and imports of GMO white corn. By contrast, Mexico has announced a ban on imports of GMO corn, and now has added an export ban on white corn, plus 23 other food products. Moreover, food suppliers will be sanctioned if they raise prices. Kenya has increased the potential supply, which will have a price depressing effect. Mexico has restricted supply via border measures and by limiting any price incentive for further supplying the market. Bye, Bye Blair Germany submitted to Brussels its...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.