India's milk production high, quality low India has been the world leader in milk production in recent years, and will continue to be thanks to the large number of milk producing animals each producing a small quantity of milk. In 2011, as per the Government of India, milk production was 123 MMT, and in 2012 will be 129 MMT (up by 4.87 percent).As production has increased, so has the production and stocks of Skimmed Milk Powder (SMP), as GOI banned exports of the commodity in February 2011. While the ban was removed in June 2012, no export could take place as the international prices were not conducive to exports.As exports of SMP are not possible, many states including Karnataka have plans to provide reconstituted milk to students in...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.