India's recent move against the country's old currency notes is having a profound effect on farmers who bring their produce to market as well as truckers transporting perishable goods. Meanwhile, GOI has taken a step to strongly incentivize the production of more food grains. 2016/17 Rabi Season Minimum Support Prices Increased As a way to strongly incentivize farmers to produce more food grains, including wheat, oilseeds and pulses, the government of India (GOI) announced an overall increase in Minimum Support Prices (MSPs). This is based on the recommendation of the Ministry of Agriculture’s Commission for Agricultural Costs and Prices (CACP).The MSP for pulses, one of India’s main imports, saw the biggest boost at 16.17 percent...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.