Bountiful Monsoon Brings Bumper Paddy Crop Expectation The 2013/14 crop area under paddy is estimated at 19.638 million hectares against last year's 18.424 million hectares, which is a 1.2 million hectare increase. The Government of India (GOI) has set a target to procure 34.5 MMT of rice in MY 2013/14. The procurement was 34 MMT in MY 2012/13 and 35.06 MMT in MY 2011/12.Areas that have reported higher area under paddy include Uttar Pradesh, Gujarat, Punjab and Arunachal Pradesh while the states of West Bengal, Odisha (Orissa) and Andhra Pradesh have reduced area under paddy.According to the Indian Meteorological Department (IMD), about 83 percent of the country had received normal or excess rainfall from the Southwest monsoon which be...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.