India's high domestic feed ingredient prices have spurred livestock farmer groups to ask that GOI allow imports that may have been produced using grain and seeds of GM origin as well as the duty-free importation of plant proteins. Wheat Procurement to End Early The government of India (GOI) had first fixed the MY 2016/17 (starting 1 April 2016) wheat purchase target at 30 MMT before later revising it to 28 MMT. To date, 21.751 MMT have been obtained, slightly more than the 20.9 MMT acquired a year ago at this time against the total MY 2015/16 procurement of 28.08 MMT. With the arrivals slowing down in most grain markets, it is unlikely that the Food Corporation of India (FCI) and other state agencies will be able to reach this year’s goal...
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...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.