With greater demand for pulses anticipated in the coming months and a lower-than-normal monsoon projection, the government of India (GOI) has already decided to import stocks as a means to curb price increases. Is Wheat Import Duty Justified? India's Food Ministry, which coordinates with the Food Corporation of India (FCI), must deal with the import of 500,000 MT of inexpensive wheat that has been contracted by flour millers in the country's southern region. While 10 shiploads have already been delivered, two more are likely to arrive during the second week of July with the remainder scheduled in August–September. The ministry has recommended the imposition of a 10 percent duty on wheat imports, which are currently duty free and un...
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.