India's peanut-in-shell MSP for the 2016/17 season was fixed at $629/MT in June 2016. However, GOI’s first advanced estimates of September 2016 have projected a 21.68 percent increase in kharif production versus last year. With a higher available supply now in certain areas, many of the market prices have dropped below that MSP. India’s Unsteady Sugar Situation The sugar season starts next week, and sugarcane growers have demanded a higher price for their production. The Fair Remunerative Price (FRP) was left unchanged for 2016/17 at $34.32/MT for recovery of 9.5 percent. However, the sugar mills would pay a small premium if the recovery was higher. The FRP was fixed when the price of sugar was still good and the sector was under a...
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 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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.