The Indian Sugar Mills Association (ISMA) has expressed the industry's concern that some mills will soon file for debt reconstruction due to difficulties paying farmers for their sugarcane as stipulated and is seeking an increase in the raw sugar export subsidy to help remedy the problem. Raw Sugar Export Subsidy to Increase India produced 7.46 MMT of sugar during October–December 2014, the first quarter of the 2014/15 sugar marketing year, compared with 5.86 MMT in the same months a year ago. This was a 27.3 percent increase. Higher production is attributed to the stronger sugar recovery at 9.25 percent until December 2014 versus 8.75 percent in the same period last year. India is expected to be holding a huge volume of sugar, and prices...
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
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.