The chemical sector is an integral part of the Indian economy. Because of the country's fuel blending program, though, it must rely on imports for a large portion of one of its basic raw materials, ethanol. Thus, the Chemical Producers Association has requested certain action by GOI. Domestic Corn Prices Rise Slightly with Arrival of Imports 40,000 MT of Ukrainian corn arrived at Kandla in Gujarat on 23 February 2016, part of the first tender of 225,000 MT, but the vessel has not yet been cleared to discharge its cargo. This is because the Plant Quarantine Department (PPQ) wants an endorsement of the methyl bromide fumigation on the certificate issued by the phytosanitary department in the country of origin as clearly stated on the import...
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.