India's 2013/14 basmati rice crop saw different varieties purchased by millers at prices ranging between $485-625/MT. For several reasons, however, the price already fell by at least 20 percent during the start of the current season. Will a Higher Duty on Edible Oil Imports Help Raise Oilseed Prices? India's monsoon, the worst in five years, is winding down with an approximate 12 percent deficiency. While oilseed crops have been negatively impacted and have an expected output of 19.664 MMT this season, a 12.24 percent decrease from last year, prices are also low with higher world production. As previously reported, India's vegetable oil demand is likely to further increase, and imports are expected to reach 13 MMT in 2013/14. A Solvent Ex...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.