Starch Sector Bleeding, Yet Expanding The production of corn during the major harvest season in October suffered because of scanty rainfall. Prices surged as a result. Delayed sowing and harvest also affected availability, adding to the pressure. Current corn spot prices in India range between $244-250/MT; at the market yard, depending on the area and the delivery, prices are close to $290-296/MT, about 17 percent higher than prices offered this time last year. Even though corn harvest arrivals last month started in good measure, prices did not decrease drastically. The starch industry is not pleased with the situation because corn is being sold at high prices and starch is offered at prices well below the cost of production.Interestingl...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.