Wheat is the largest and possibly oldest consumed food grain in the world, but its future is slowing down. Known as the staff of life, about 50 percent more wheat is consumed than rice, though about 18 percent of wheat destruction is from feed use. Bread is a predominant use of wheat, though pasta is also a demand medium. This past Saturday (17 October) was National Pasta Day, but all of November is National Bread Month. Globally, the OECD forecasts total wheat use increasing 1 percent between 2015 and 2024, which means that on a per capita basis, it will decline over that period by -0.01 percent. Consumption in North America is in decline and it is incurring slow growth in Europe. Turkey is the largest per capita consumer of wheat, using...
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.