GOI's 26 May notifiation of new rules that effectively banned the trading of cattle, including buffaloes, for slaughter at animal markets was met with a petition from farmer associations and the meat industry. Now the Honorable Supreme Court has taken action. Higher Duty on Sugar Imports Will Likely Support Domestic Prices A glut-like situation for sugar has been expected (see Ag Perspectives, 7 July 2017), and now different sources are projecting India will produce 25.5–26.7 MMT in sugar year 2017/18 (1 October-30 September). The government of India (GOI) had allowed for the duty-free import of 0.5 MMT of raw sugar and allotted a quota to some mills, mostly in South India, as the sugarcane availability was poor. Meanwhile, world market a...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.