Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Bangladesh poultry industry leaders have asked the government to help their suffering industry by reducing the tax on animal feed manufacturers from 15 percent to 5 percent and they want to exempt the taxes on feed raw materials for “at least 10 years”. Retail poultry prices are at the lowest levels in 12 years. Much of the industry problems are being blamed on a COVID-19 drop in poultry consumption complicated by increases in raw material costs. COVID-19 is said to have cost the poultry industry $825 million. India has asked Pakistan for permission to ship 50,000 MT of wheat by truck across Pakistan to Afghanistan. The wheat is as a donation to help with food shor...
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...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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.