After two failed monsoons and higher food demand for its population of 1.26 billion, India is gradually becoming a net importer as the country's water crisis is having a severe impact on a variety of crops there. Sugarcane FRP to Remain Unchanged The Fair Remunerative Price (FRP), the legally guaranteed minimum price, of sugarcane remains unchanged at Rs. 2,300/MT ($34.32/MT) for the next season startign October 2016. It is fixed after consideration of the farmers’ margin and based on the cost of production, including transportation. However, state governments can establish a higher price. Additionally, the state-advised price (SAP) and millers’ offer prices can be above the FRP, which is linked to a basic sugar recovery rate of 9.5 perce...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.