India's 2013/14 basmati rice crop saw different varieties purchased by millers at prices ranging between $485-625/MT. For several reasons, however, the price already fell by at least 20 percent during the start of the current season. Will a Higher Duty on Edible Oil Imports Help Raise Oilseed Prices? India's monsoon, the worst in five years, is winding down with an approximate 12 percent deficiency. While oilseed crops have been negatively impacted and have an expected output of 19.664 MMT this season, a 12.24 percent decrease from last year, prices are also low with higher world production. As previously reported, India's vegetable oil demand is likely to further increase, and imports are expected to reach 13 MMT in 2013/14. A Solvent Ex...
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...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.