While India continues to import large quantities of palm oil, considered unhealthy by many and mostly used domestically as a base for mixed vegetable oils, the government of India (GOI) is allowing bulk exports of rice bran oil in order to help the small rice millers who think there is less local demand. India’s Edible Oil Trade While India continues to import large quantities of palm oil, considered unhealthy by many and mostly used domestically as a base for mixed vegetable oils, the government of India (GOI) is allowing bulk exports of rice bran oil in order to help the small rice millers who think there is less local demand. Since India first started to import vegetable oil, rice bran oil exports had been permitted only in retail pack...
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...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.