India's sugar price has improved considerably in the past three months, rising 15.9 percent from a low spot price of $466.20/MT in Kolhapur (Maharashtra) on 12 January to $540.37/MT on 31 March. Meanwhile, the sugarcane crop forecast has implications for domestic ethanol production. Lower Sugar Production, Higher Prices As a result of two consecutive years of drought, India’s sugar production is expected to drop 9 percent from a record 27.84 MMT in 2014/15 to 25.6-25.7 MMT in 2015/16. According to the Indian Sugar Mills Association (ISMA), the volume totaled 23.7 MMT as of 31 March 2016 and from the beginning of sugar year 2015/16 (1 October 2015) or about 1.1 MMT less than at the same time last year. Additional production is expected to...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress 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.