Following pressure from the sugar lobby, largely the cooperatives, GOI has agreed to bail out the sugar industry once again and has increased the import duty from 15 percent to 40 percent. It has also mandated ethanol blending at 10 percent. Lack of Soil Moisture Derails Sowing Pace Drought-like conditions are prevailing throughout India where there is a rain deficiency of 41.3 percent as of 26 June 2014. The central region has been most impacted with a deficit of 57.9 percent, followed by the northwest at 49.2 percent and south peninsula at 31.7 percent with the east and northeast at 28.6 percent.More than 80 percent of the country is experiencing a rain shortage, according to the Indian Meteorological Department (IMD), and there continu...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.