After the wheat import duty was introduced as a way to safeguard the interests of the Food Corporation of India (FCI), industry associations, particularly those aligned with the edible oil sector, made a recommendation to safeguard the interest of small farmers. Ongoing Monsoon Woes Expected to Impact GDP Growth The Indian Meteorological Department (IMD) reports that the overall rain deficit compared with normal levels of rainfall was 12 percent from 1 June-26 August 2015 and 25 percent during 1-26 August . It was 20 percent in the southern peninsula and 15 percent in Central India.International credit assessor Moody's Investors Service has lowered India's growth forecast to 7 percent from the previous 7.5 percent for FY 2015/16 (April 20...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.