Corn prices continued to be down during the first few weeks of the harvest in Bihar, but they have been moving up as demand increased once industries realized that the shortfall is going to remain. Meanwhile, there are a few who want corn to be brought under the Essential Commodities Act (ECA), wherein stock limits can be set. Sugar Sector under Threat High sugar prices drove retail inflation up to 5.39 percent in April 2016 versus 4.83 percent in the previous month.Consumer food price inflation increased to 6.32 percent compared with 5.21 percent in March as prices of pulses and sugar rose. To discourage hoarding of sugar and curb the rise in its prices, the food ministry has restricted the volume that a dealer or trader can hold to 500...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.