It now seems that the WTO deal in Bali will have to wait as the Indian negotiators have not acceded to the rules that govern food subsidies. Eight of the 10 proposals on the table will be accepted by India, while it has not approved two dealing with food security and trade facilitation. Egg Prices Soar Amidst Demand Pressure Egg prices have risen substantially on higher demand, up by 21 percent over the last 90 days. In Bombay, eggs are selling for $0.82 per dozen (wholesale), which is a record price. Traders anticipate it to be $1 per dozen by Christmas. Prices have also soared to $0.81 per dozen (wholesale) in Punjab. India's average price for an egg is up by 13.65 percent in the last month. The previous highest wholesale price was $0.7...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.