India's Food Inflation According to Consumer Price Index (CPI) calculations, retail inflation eased slightly to 9.52 percent for August 2013 from 9.64 percent the previous month. However, food inflation hit a three-year high of 18.18 percent on the back of a huge increase in the prices of onions and other vegetables. Food inflation was 11.9 percent in July 2013.The increased food prices pushed the headline inflation, or Whole Sale Price Index (WPI), for the third month in a row to a six-month high of 6.1 percent in August. Depreciation in the rupee over the past few weeks also affected prices. The highest growth was in onions, which reported an increase of 245 per cent year-on-year. Vegetable prices generally rose by 77.81 per cent, ma...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.