India's 2017/18 budget was released early and includes several notable provisions that will help the agriculture sector. Left out, however, was any significant allocation for one specific area that would help ease the cost of production and increase efficiency. Soaring Sugar Prices May Result in Raw Sugar Imports Based on new available data, the Indian Sugar Manufacturers Association (ISMA) has lowered its sugar production estimate for 2016/17 to 21.3 MMT from its projection in September 2016 of 23.37 MMT, a drop of 15.13 percent from last year’s 25.1 MMT. The government of India (GOI) estimated the total at 22.5 MMT. The revision is due to the major reductions expected in Tamil Nadu (0.739 MT), Karnataka (2.1–2.2 MMT), Andhra Pradesh (0...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.