Increased Minimum Support Price for Grains Next Season While the Ministry of Agriculture has recommended an increase in the Minimum Support Price (MSP) of wheat by 1,000 rupees ($16.39)/MT, the Cabinet Committee of Economic Affairs (CCEA) raised the MSP of wheat by 500 rupees ($8.19)/MT on the recommendation of the Commission for Agriculture Costs and Prices (CACP). The new MY 2013/14 MSP for wheat beginning April 2014 will be Rs.14,000 rupees ($229.50)/ MT. The increase is marginal, 3.7 percent as per the farmer groups and the opposition, and should have been much more. Wheat is harvested in March and normally comes to the market in April. The government of India (GOI) will start the procurement at the new price on 1 April 2014.CCEA w...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.