Record Sugar Production Expected Based on the projected increase in sugarcane production (see Ag Perspectives, 2 March), a higher crush as well as good recovery in Maharashtra, Karnataka and Uttar Pradesh, the sugar industry expects 2017/18 sugar production to reach 29.2 MMT, a record. That is up 11.87 percent from the earlier estimate of 26.1 MMT and would be 43.84 percent higher than the 20.3 MMT produced in 2016/17. The sugar industry was moving into crisis mode with prices dropping drastically, forcing the government of India (GOI) to intervene by increasing the duty on imports and enacting a stock limit for manufacturers. With a much higher production, it will need to move faster and take other actions, including allowing exports and...
What You Need to Know Today: Chinese President Xi Jinping arrived at the White House today as part of a highly anticipated three-day visit to the United States, marking his first visit to Washington in eleven years. Trade is expected to feature prominently in discussions with President Trump,...
Officials from the Trump Administration are reportedly considering rolling back the Administration’s beef import plan as there is a growing panic about the midterm elections. The proposal to reduce the 300,000 MT of beef imports – 100,000 MT for September – is being discussed...
Key Takeaways: The United States shifted from a decades-long agricultural trade surplus to a growing deficit, reaching roughly forty-one to forty-four billion dollars in recent fiscal years, a structural change rather than a cyclical dip. Brazil has overtaken the United States as the leading s...
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.