India's pulses crisis is expected to escalate as the new crop will only arrive at the market in April/May 2016, and the government will need to import additional supplies to meet demand. India Expected to Import More Pulses The Ministry of Commerce stated that India imported 2.237 MMT of pulses (lentils), estimated at a value of $1.612 billion, during April-September 2015. This was its response to a question posed to Parliament regarding what the government is doing to reduce the prices of that commodity. In 2014/15, it imported 4.584 MMT or 382,000 MT/month, but that has dropped slightly in the first six months of 2015/16 to 372,000 MT/month. However, the volume could rise if the rabi crop is negatively impacted by weather.In 2014/15, t...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.