Retaliation Against Mexico The Mexican government is imposing a 50 percent tariff on white corn imports to protect its growers from competition. This is a much more surgical approach than its proposed ban on all GM corn imports. Only 4.5 percent of U.S. corn exports to Mexico is white corn but the tariff will still violate the USMCA. It will require some kind of response from Washington but what? Over the past decade the U.S. has exported an average 840 KMT of white corn per year to Mexico. That has a value of around $220 million based on an average 13.3 percent price premium over U.S. yellow corn. Mexico’s policy will no doubt hurt Mexican consumers dependent on white corn-based tortillas for a significant share of thei...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.