India is the world's second-largest rice producer and has huge surplus stocks in warehouses. After a 30-year gap, however, GOI will be importing rice this year to fulfill the needs of northeast India. India Imports Rice despite Large Stocks India's procurement, storage and distribution agency, the Food Corporation of India (FCI), currently has more rice and unmilled paddy stocks in its warehouses than required by the buffer and strategic reserves norms set in 2005. According to those requirements, there should have been 11.9 MMT of rice. However, the volume held totaled 21.23 MMT of rice and 6.424 MMT of unmilled paddy as of 1 July 2014. Those totals were 17.325 MMT and 6.65 MMT, respectively, as of 1 September 2014. The new harvest is du...
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.