The market yard corn price in Bihar has been declining after the recent harvest there. Demand has also been low from the poultry sector as a result of the high bird mortality rate in southern India. However, prices will need to drop further if India hopes to export any corn in 2015/16. Farmers' Corn Prices Down as Futures Prices Move Up Following the recent harvest in the state of Bihar, the market yard corn price there has been declining. It has slumped to $161/MT from last week's $181/MT, a decrease of almost 11 percent. Spot corn prices at the NCDEX warehouse dropped only $2/MT. One of the reasons for the price decline is low demand from the poultry sector due to the high bird mortality rate in south India where approximately 7 million...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.