There is hope that India's new government will bolster the economy's upward turn with revisions in policy. Industrial production rose in April 2014 as inflation decreased, but the delayed monsoon season brings concern about its impact on crops and agricultural output. New Hope for the Indian Economy It seems that the appeal of the new government is bringing cheer to the Indian economy. Industrial production in April 2014 rose 3.4 percent, which is the highest since March 2013. Inflation, calculated as the Consumer Price Index (CPI), decreased to 8.28 percent in May 2014 from 8.59 percent in April 2014. Core inflation fell to 7.72 percent from 7.8 percent during the same period, while food inflation dropped to 9.56 percent from 9.83 percen...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.