Sugarcane and Sugar Pricing Deficient monsoon rains have negatively affected sugarcane crop yields, according to an Indian Ministry of Agriculture report. Sugarcane yields on average fell from 70.317 MT/hectare to 65.753 MT/hectare, a drop of 6.9 percent. Farmers in almost all sugarcane growing areas have been protesting for an increased support price for the crop because input prices -- particularly for diesel (used to run pumps for deep wells) and fertilizers -- have increased. As per reports from the Sugar Research Institute, the cost of production has increased from $34.40/MT in 2011/12 to $41.95/MT in 2012/13. The central government last week authorized states to fix the support price for sugarcane.There has been an inordinate delay...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.