Non-GM canola seed has been introduced in India by private seed companies. In 2013/14 40,000 acres of land was put under canola seed in Northern India, a figure that is expected to increase to 100,000 aces in 2014/15. India corn prices move lower The fall in corn futures prices in India could be attributed to the drop in futures in the U.S. (CBOT). However, the spot prices in India are not falling as drastically, though there is pressure from the domestic supplies as exports are negligible at this point for corn. Bangladesh is buying a small quantity of corn at $237/MT delivered to feed mills in the Dhaka area, and the FOB prices of Indian corn to east coast ports is $235/MT.GOI and the state agencies have purchased corn at Minimum Suppor...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.