Wrong Moves Could Lead to Market Discrepancies Why would the Indian Ministry of Agriculture and Food want to hike import duties on pulses from a rate of zero to 7.5 percent when imported commodities are already expensive because of a weak rupee? The Commission of Agricultural Costs and Prices had recommended a 10 percent import duty, and the Ministry of Food had asked for a 7.5 percent duty. Any hike conflicts with the Ministry of Finance notification issued on 26 March 2013 that allows for the duty-free import of pulses through 31 March 2014.The thought behind this action is that coupling the previously announced higher minimum support price (MSP) with a higher duty on the cheaper imported pulses will encourage farmers to grow more cr...
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...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.