Sugar Prices Continue to Tumble Sugarcane processors (mills) should pay farmers for their stocks within two weeks of the harvest/purchase, and the government of India (GOI) had increased the prices in 2017 for sugar year 2017/18 (October-September). There is a lag period as the sugar is processed and sold, but traders normally buy forward and pay the mills. In addition, banks usually also provide help. However, both the financers (trade) and banks are absent this time, and the mills have fallen behind in their payments. They are also selling sugar at much below the market price to generate revenue. The aveage sugar price was $567/MT at the start of the season, but it has now dropped 13.17 percent to $491/MT on the spot market exchange. In...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.