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: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has just held its first meeting of the Committee on GM Corn. The Committee was established to "undertake an objective, science-based, and evidence-driven review of Pakistan’s policy regarding the commercialization o...
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.