Indian Wheat Exports Continue at Lower Prices Good weather and timely showers in India's northern belt during the past week have given hope for a bumper crop of wheat. Temperatures in February have not been too high and farmers have been advised not to irrigate the crop in Punjab and Haryana because there is enough rain to cover the water requirement. According to the government of India (GOI), wheat production is estimated to be 90.69 MMT, which is lower than last year's (2011/12) production of 92.75 MMT but higher than the 90 MMT target. During 2011/12, India exported 6.5 MMT of wheat. With another potentially huge crop, India is expected to export an additional 8-10 MMT, an increase of 23-53 percent. Current and future exports mostly...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
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...
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.