A study has found that the crop losses in India resulting from pest-related infestations total $8 billion, and there is an opportunity for the pesticide industry to expand. Use of Banned Pesticides in India A joint study initiated by the Associated Chamber of Commerce and Industry (ASSOCHAN) and YES BANK has found that the crop losses in India resulting from pests and related infestations total $8 billion. Pesticide usage is limited to only 25 percent of India's 180 million hectares of arable land. Most of that usage is confined to those states with fertile land as well as irrigation facilities and include: Punjab, Haryana, Andhra Pradesh, Karnataka, Maharashtra and Uttar Pradesh. Farmers in these areas are willing to spend additional mon...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.