The government of India (GOI) has finally taken steps to help cane growers and the sugar industry at large. However, some trade experts argue that the plan is not WTO compliant. Direct Subsidy to Sugarcane Growers The government of India (GOI) has finally taken steps to help cane growers and the sugar industry at large. It has set the Fair Remunerative Price (FRP) for sugarcane at Rs.2,300 ($34.84)/MT for the 2015/16 sugar year and will pay Rs.45 ($0.68)/MT or 1.956 percent of that amount directly into the bank accounts of the cane growers. A total of $173.78 million has been allocated for this, which will be enough to cover 255.55 MMT of domestic production (based on the $0.68/MT direct subsidy).GOI also announced a Minimum Indicative 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.