While the Food Safety and Standards Authority of India (FSSAI) is adopting more stringent rules and procedures for domestic products, it is changing its methodology with imports to more closely align with international norms in order to improve trade. Conflicting Assessments of This Year's Monsoon Agriculture contributes 13.9 percent toward India's gross domestic product (GDP) and employs 64 percent of the population. With 64 percent of India's cultivable area rain-fed and the other 36 percent irrigated with water that is stored during the 120-day monsoon season in dams, ponds etc., the strength or weakness of this weather pattern is significant. It affects sowing and production in the kharif season (October harvest) as well as the...
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
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.