How Much Sugar and Ethanol Will India Produce in Sugar Year 2018/19? It was widely speculated about four months ago that India would produce a huge volume of sugar at 35.5 MMT, adding to its problems of plenty. Following new reports of water scarcity and drought conditions in Maharashtra (as well as untimely rains Uttar Pradesh), grub infestations are now also being reported in areas there (the districts of Ahmednagar, Solapur and Marathwada and to a lesser extent in Kolhapur, Sangli, Satara and Pune). Because of these problems, sugarcane production in that state alone could be down 15 percent. Meanwhile, the Indian Sugar Mills Association (ISMA) has reduced its forecast of India’s overall 2018/19 sugar production by 11.36 percent to...
With no bullish surprise out of Beijing this week and good weather taking over many global crop areas, funds spent the past couple of days selling off the peak positions they had built. CNN’s Live Updates blared, “No signs Trump and Xi resolved any thorny challenges.” By...
The long-awaited meeting between President Trump and President Xi of China has concluded, and details are elusive, though Trump stated today that he and Xi made some “fantastic” trade deals. Both countries reported the meetings as a success, but that has more to do with positioning...
Key Takeaways Weather conditions in China and India are deteriorating and threatening the wheat crops. Drought conditions in China are not without precedent, and modeling efforts suggest a modest 1.5 percent yield reduction vs. 2025. India’s wheat yields are forecast to fall 3 perc...
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.