World Perspectives

Food Trade with Russia

Western countries kicked Russia out of the WTO’s Developed Countries Coordinating Group and are seeking to remove normal trade relations with Moscow. Banning energy imports from Russia is understandably difficult but ending food trade would be a minor change. This is because Russia has long run import substitution schemes in food and retaliated against food imports from the West in 2014 in response to sanctions over Crimea.  The EU has fared better than the U.S. in the Russian market, though both mostly ship value added foods that don’t compete directly with Russian farmers. The EU mostly exports services to Russia, and some manufactured products to support Russian industry. It is time to end export market development in R...

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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.

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