Stable Pulses Demand; Prices Remain Low India’s 2018/10 khariff pulses production is expected to reach 9.2 MMT, down slightly from 9.34 MMT in the previous season. With the rabi crops (sown in October/November and harvested in April) forecast at over 15 MMT, there will be suffient domestic production to meet India’s demand of 24 MMT. Prices should be high in when demand and supply are so balanced with imports thus restricted, but that is not the case. Chickpea is one of the major pulses, and while demand is good, it is produced in the rabi season. India produced 11.23 MMT in 2017/18, and there is certainly an oversupply. Its prices are curently 6.75 percent lower than the government of India’s (GOI”s) announded Min...
Markets are getting a quarter-end reality check as September comes to a close. Growth, inflation and interest rates remain central to the macro outlook, while tight diesel supplies keep pressure on the cost of moving goods. States are stepping in with relief, but policy changes alone cannot reb...
Key Takeaways: Russia recently said it would convert existing export terminals in the Baltic and Arctic Seas to handle grain as the Black and Azov Seas remain closed to maritime trade. Futures markets reacted negatively to this news, but does the conversion matter to short-term and long-...
Key Takeaways: 1 September corn stocks totaled 2.095 billion bushels, 171 million above expectations and 544 million above last year, providing additional cushion for the 2026/27 balance sheet and potentially adding near-term pressure to prices. June-August corn disappearance increased just 10...
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.