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wheat farm-inputs softs

Indian Subcontinent Regional Analysis

India Wheat Export Value Reduced – Local Prices Higher As the sowing season for wheat neared, GOI increased the Minimum Support Price of wheat to 14000 rupees ($225)/MT. The export price (benchmark FOB basis of GOI stocks) was set for some time at $300/MT and there were no bids. The trade's opinion was that a price of $260-270/MT was more realistic and, based on the market feelers, GOI reduced the export price by $40/MT to $260/MT this week. The State Trading Enterprises (STE), such as the State Trading Corporation (STC), Mineral and Metals Trading Corporation (MMTC) and PEC Limited, last floated tenders for export of 0.16 MMT and had received bids varying from $260–267/MT. There is ample wheat available in the international market and...

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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.

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