Big Increase in China's Soymeal Exports in CY 2012 Since China built about twice as much soybean crush capacity as its actual crush volume, there has been speculation for some time that the country could one day become a major exporter of soymeal. A lot of China's crush capacity is located along the coast and is in a position to export excess soymeal supplies when the domestic market is saturated.It now appears the expectations of China becoming a major soymeal exporter have become a reality. China's General Administration of Customs this week reported China's soymeal exports in CY 2012 reached 1,232,672 MT. That was 203.4 percent higher than exports in CY 2011. The major destinations were Japan, Vietnam, South Korea, the U.S. and North...
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
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.