Even though the MSPs for pulses and oilseeds have been increased for the khariff season, the market prices for the former are much lower. As a result, farmers are more inclined to shift to other crops, and they are favoring one in particular. Could More Cotton Plantings Produce a Glut? 7.182 million hectares of cotton have been sown as of 7 July 2017 versus 6.789 million hectares a year ago, a 5.182 percent increase. This suggests almost 58.65 percent of the crop has been planted when measured against the five-year average. According to the Cotton Association of India (CAI), production could be as high as 37.5-38 million bales (170 kg each) in 2017/18. For reference, the record of 35.902 million bales was reached in 2013/14, and the gove...
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...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.