Keeping food prices down is key for Indian households. In order to do that and also maintain low inflation, the government has taken a step that would allow it to intervene in certain pricing of essential commodities, including pulses and sugar. Possible Impact of GST on Food Items The government of India (GOI) eagerly awaits implementation of the Goods and Services Tax (GST) on 1 April 2017, the start of the country’s next fiscal year. One repercussion is that the states will have to be compensated for their loss of revenue from the resultant elimination of their taxes. 2015/16 will be the base year for calculating those amounts with growth of 14 percent in the first five years of the GST a determining component.GOI has formed a GST...
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...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
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.