Under normal circumstances, India's chickpea prices tend to move lower as arrivals peak. Contrary to that, though, NCDEX spot prices in New Delhi are up 18.61 percent and were at a peak on 18 April 2016 as well as 20.96 percent higher than the start of the season. Protein Demand for Pulses Boosts Prices India consumes more pulses/lentils than any other country, evidenced by the supply/demand gap of over 6.5 MMT as well as higher prices of pulses that increased 37 percent in February alone compared with wholesale prices that fell for the 17th month in a row in March. While the market arrivals of some pulses may have increased, those of chickpeas (aka bengal gram) have been slow. The government of India’s (GOI’s) 2nd Advance Estimates for P...
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...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
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.