Wheat Procurement Increases, Exports Catching Flak India reaped 90.23 MMT of wheat in the 2011/12 season. According to new records, wheat procurement has reached 37.19 MMT, up from the original 32 MMT target and up 35.23 percent from the 2011/12 procurement of 27.5 MMT.With monsoons fast approaching and having already reached parts of Uttar Pradesh and Madhya Pradesh, the government of India (GOI) has decided to release 8 MMT of wheat to the public distribution system (PDS) and to below poverty line families. This would cost GOI an additional $1.77 billion.GOI previously had made a provision to export 2 MMT of wheat, but the Ministry of Finance has objected to this because for each million metric ton exported will cost $132 million in su...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.