World Perspectives

Sino-Ag Update

EconomyDeflation continues to be a problem with the Producer Price Index declining in November for the 26th month in a row. Consumer inflation was expected to increase 0.5 percent after rising 0.3 percent in October, but instead it rose by just 0.2 percent, a five-month low. Despite economic softness, the price of pork rose 13.7 percent and fresh vegetable prices were up 10 percent. 12112024china_cpi.png 22.35 KBOilseedsThe General Administration of Customs said soybean imports in November totaled 7.15 MMT, a 9 percent drop year-on-year, but a record volume for the year is still expected. The December update of the Chinese Agricultural Supply & Demand Estimates (CASDE) reduced expected 2024/25 edible oil imports by 700 KMT to 7.73...

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livestock

Total versus Change in Pork Consumption

China is by far the world’s largest consumer of pork, eating over half the world’s supply. This also drives feed demand and this grain supply destruction. However, its per capita consumption is lower than many other large pork producing countries. Brazil and the Philippines are the largest cons...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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