India is the world's second-largest rice producer and has huge surplus stocks in warehouses. After a 30-year gap, however, GOI will be importing rice this year to fulfill the needs of northeast India. India Imports Rice despite Large Stocks India's procurement, storage and distribution agency, the Food Corporation of India (FCI), currently has more rice and unmilled paddy stocks in its warehouses than required by the buffer and strategic reserves norms set in 2005. According to those requirements, there should have been 11.9 MMT of rice. However, the volume held totaled 21.23 MMT of rice and 6.424 MMT of unmilled paddy as of 1 July 2014. Those totals were 17.325 MMT and 6.65 MMT, respectively, as of 1 September 2014. The new harvest is du...
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.