World Perspectives
soy-oilseeds

Olive Oil Shortage

The price of olive oil has hit over $6,000/MT on a combination of increased demand and a production shortfall in Spain caused by drought, or what some claim is more permanent adverse consequence of climate change. Europe has historically dominated the world’s production of olive oil, producing up to 70 percent of the supply. That share dropped off more recently as production elsewhere in the world hit a new high at the same time European production has failed to repeat the peak it achieved in 2019. U.S. production mostly occurs in California, which has its own version of drought problems. It may require breeding a more drought tolerant olive tree to restore a supply/demand balance. ...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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