GOI has issued a new seed price control order, effective March 2016, which aims to fix the sale price of cotton seed (with GM technology) as well as control the licensing fee. This is not limited to cotton, although that is currently the only GM crop in India. Vegetable Oil Prices Crash High rapeseed/mustard oil prices affected demand over the past few months, especially during the festival season in November 2015 through early December. That led consumers to use other oils, and the rapeseed/mustard oil prices have since been following a downward trend. The new rapeseed/mustard crop is expected in February/March 2016, and that will keep prices down despite its smaller planted area and the reduction in other oilseed plantings. In addition...
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...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.