Sensitive Sugar Situation in India India has so far contracted to export approximately 1 MMT of sugar against the government’s fixed target of 5 MMT. Despite dropping 3.49 percent in the past month, however, the Indian sugar price is still 21.06 percent higher than the world price, which the International Sugar Organization indicates has declined more than 10.3 percent in the same period to the currently quoted $340/MT. The government of India (GOI) has implemented several subsidies in the amount of Rs.11/kg or $150/MT, including for production and transport, to assist in sugar exporting. The state and federal elections in 2018 and 2019 were factors in this announcement, but it seems likely that these will lead to major problems for...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.