GOI has undertaken the task of integrating the Regulated Agriculture Market Yards, which provide pricing for farmers’ produce bought in the market yard. The plan is to instead have an online platform (e-NAM) bring more transparency and a much wider market to farmers. Ethanol-for-Blending Prices Slashed The Cabinet Committee on Economic Affairs (CCEA) has approved the Ethanol Blending Program (EBP) for sugar year 2016/17 (1 December 2016-30 November 2017). The price of ethanol to be supplied to Oil Marketing Companies (OMCs) for that year has been reduced to $2.20/gallon, excluding taxes (excise, VAT and transport charges), versus $2.79/gallon for sugar year 2015/16, which was inclusive of those fees. The recovery price of ethanol to sugar...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.