The EU temporary ban on imports of select Indian fruit and vegetables could have wide implications for a variety of other produce subject to the same quarantine pests that are the cause for this action. EU Setback for India's Fruit and Vegetable Trade The 28-member European Union (EU) has temporarily banned the importation of some Indian fruits and vegetables effective 1 May 2014. Included are the famous Alphonso mangoes (the king of fruits) and four vegetables that include taro plant (leafy vegetable), bitter gourd and snake gourd (types of squash) as well as eggplant (aubergines). This action was the result of quarantine pests found in some consignments during 2013, especially fruit flies. Although the Plant Quarantine Service issued a...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.