Indian Wheat Exports: To Be or Not to Be? The trade has lowered its estimate for the Indian wheat crop from 92 MMT or more to 82-85 MMT. The government of India (GOI) is now expected to procure 33 MMT of wheat against the previous target of 42-44 MMT. The Food Corporation of India (FCI) will buy 11 MMT in Punjab, 7 MMT in Haryana, 9 MMT in Madhya Pradesh, 3 MMT in Uttar Pradesh and 2.5 MMT in Bihar.On 1 July 2013, the total amount of wheat in FCI warehouses should be 31.9 MMT, with 26.9 MMT as a buffer and 3.0 MMT as strategic reserves. As of 1 May, FCI warehouses had 11.74 MMT of wheat. If another 33 MMT are purchased -- and even if we take into account the amount of wheat that will be released for export and domestic consumption in May...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.