Ban on Yellow Pea Imports Extended for Three Months India’s Ministry of Commerce has extended the ban on yellow pea imports, first implemented in late April 2018 for a three-month period as the price of chickpeas cotinued to slide, until 30 September 2018. Per the notification, “The restriction on import of Peas classified under Exim Code 0713 10 00 (including Yellow peas, Green peas, Dun peas and Kaspa peas,) effective till 30th June 2018 as per the Notification No. 04/2015-2020 dated 25/04/2018, is further extended till 30th September, 2018.” A 50 percent tariff was first imposed on yellow peas in November 2017, which was followed by a 30 percent tariff on chickpeas and lentils in December 2017 that was increased to 40...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.