India’s pulses demand is close to 24 MMT with current production stagnant at about 17-18 MMT, leading the country to be a net importer. Now Canada, Australia, the U.S. and even Myanmar are planning to expand their production to meet the rising demand as prices are also growing. Meanwhile, India is also taking steps of its own. Sugar Sector Remains in Stress When the wholesale market price for sugar was $313/MT in July 2015 and the ex-factory price was $283/MT, the government of India (GOI) announced a subsidy of $0.67/MT under immense pressure from the sugar lobby. This was primarily intended to offset some production costs for sugar mills, which were under stress due to the low sugar prices and unable to pay the sugarcane purchase price...
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.