The government of India (GOI) has finally taken steps to help cane growers and the sugar industry at large. However, some trade experts argue that the plan is not WTO compliant. Direct Subsidy to Sugarcane Growers The government of India (GOI) has finally taken steps to help cane growers and the sugar industry at large. It has set the Fair Remunerative Price (FRP) for sugarcane at Rs.2,300 ($34.84)/MT for the 2015/16 sugar year and will pay Rs.45 ($0.68)/MT or 1.956 percent of that amount directly into the bank accounts of the cane growers. A total of $173.78 million has been allocated for this, which will be enough to cover 255.55 MMT of domestic production (based on the $0.68/MT direct subsidy).GOI also announced a Minimum Indicative 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...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.