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: 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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.