Increased MSP to Boost Planting and Inflation Increased monsoon activity ensured that farmers planted their crops in time. The government had raised the minimum support prices (MSP) for various crops in time for farmers to determine which crops to grow. The decision was made during a Cabinet Committee on Economic Affairs (CCEA) meeting 28 June 2013, and supposedly has boosted the sowing of paddy, corn, pearl millet and oilseeds such as soybeans and pulses. The prices will be effective 1 October 2013 for the marketing season 2013/14.Demand and average prices for these commodities are high. The government of India (GOI) has raised the prices close to the market benchmark prices for some of the crops, such as corn and pearl millet as w...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.