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...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
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.