An increase in the MSP for pulses incentivized farmers to expand their plantings, and 2016/17 production is projected at a record 22.4 MMT. However, those farmers and GOI are now finding there are some repercussions. Effect of Higher Sugarcane FRP on Sugar Prices As India’s sugarcane farmers prepare to plant crops, the government of India (GO)I has provided an incentive. It has increased the Fair and Remunerative Price (FRP) of sugarcane 10.869 percent to Rs.2,550 ($39.23)/MT for 2017/18 (October-September) from Rs.2,300 ($35.384)/MT in 2016/17. This price will apply if the sugar recovery is 9.5 percent, and farmers will receive an additional Rs.28.60/MT for every 0.1 percent increase. If recovery is 10 percent, the FRP will be Rs.2,693 (...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
What You Need to Know Today: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while wester...
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.