GOI's notification of a new ban on the trading of cattle for slaughter is impacting a number of sectors in addition to farmers' income. There has been opposition in several states, and one particular action has stalled the rule's implementation. Mustard Seed and Oil Prices Near Two-Year Lows Rapeseed-mustard is one of the main rabi oilseed crops. With higher production of 7.977 MMT in the 2016/17 crop year following 6.797 MMT in 2015/16, the prices have fallen to near a two-year low. At the start of the season on 1 April 2017, they were at a low of $615/MT against $672/MT on 3 April 2016. As the supplies grew, prices continued to fall and were below the 2015 level by the end of April. On 2 June 2017, the spot mustard seed price is $570/MT...
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...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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...
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.