World Perspectives
soy-oilseeds

Oilseed Highlights: India’s Higher MSP; Soy Updates for Brazil and China

India Raises Minimum Support Price for Oilseeds and Other Crops The government of India (GOI)yesterday announced new higher minimum support prices (MSPs) for soybeans and other crops. The increases averaged about 25 percent versus only 3-4 percent in past years. Because of upcoming elections in several key agricultural states, President Narendra Modi needs the support of farmers, and raising their incomes is key to gaining that. The MSP for soybeans is now 33,900 rupees/MT ($496.03/MT) , up from 30,500 rupees/MT, with that for sunflower seed and peanuts raised from 41,000 rupees/MT to 53,880 rupees/MT ($785.19/MT) and 44,500 rupees/MT to 48,900 rupees/MT ($712.62/MT), respectively. The greater percentage hike for sunflower seed was most l...

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feed-grains soy-oilseeds wheat

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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