Over the past 10-months, surplus stocks of most major vegetable oils have declined, causing prices to rise. The exceptions are surplus supplies of rapeseed oil and olive oil, though they have benefited from the price pressures in other vegetable oils. Over the past 10-years, rapeseed oil production has increased but the expansion has been far faster in palm oil and soyoil. Production in the number one producer, the EU, has increased by single digits and number two producer, China, has actually seen a decline in production. Canada is the number three producer and has experienced a more than 40 percent increase in canola production over the past 10-years. At number four, India’s production is up 32 percent, but the largest increases ha...
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...
From WPI Consulting
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.