The federal government has issued recommendations for replacement of the old Agricultural Produce Market Committee (APMC) Act. The aim is to remove the middlemen from the agri commodity business, reduce the cost of transactions and boost farmer income. Pulses Prices Drop Below MSP; GOI Suspends Purchases Farmers had been incentivized to boost pulses production by a higher Minimum Support Prices (MSP) and the government of India’s (GOI’s) purchases to create a buffer stock. However, it seems that both the industry and market could not handle the large production. Prices have either remained stable or are falling, and now GOI’s Food Corporation of India (FCI) as well as its state agencies have suspended the purchasing program since the targ...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Beef packer margins declined to $190/head last week, down $32 from the prior week as the Choice cutout weakened while fed cattle prices remained steady. The cutout fell $2.56/cwt to $373/cwt while fed cattle prices held near $220/cwt, narrowing packer spreads after several weeks of improvement...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Ministry of Supply reports that it will begin the sale of imported wheat through the Egyptian Mercantile Exchange. Sales are expected to be mainly to private-sector flour mills and are intended to stabilize wheat and...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.