With exports at a standstill and with only domestic buyers, sugar prices in India have crashed and are likely to remain so in 2015/16 as oversupply has had a severe impact on the industry there. Now GOI is taking action to address the payments owed to the sugarcane producers. More Incentives for the Sugar Industry It seems there is no respite for the sugar industry in 2014/15. Production is now forecast at 27.96 MMT with consumption estimated at 24.3 MMT. The expected 2013/14 carryover of 7.14 MMT combined with the current 2014/15 surplus produces a total estimated carryover of 10.3 MMT. With exports at a standstill and with only domestic buyers, prices have crashed and are likely to remain so in 2015/16 as oversupply has severely impacte...
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...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
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.