India’s capacity to crush corn for starch production could increase to 16,525 tons per day (TPD) by 2018, although that currently available is underused and starch prices have crashed. This expansion will also require a much higher volume of corn, and India may not have enough. Greater Starch Capacity Will Require Additional Corn It is estimated that India’s capacity to crush corn could increase to 16,525 tons per day (TPD) by 2018, which would produce close to 5.45 MMT/annum of starch based on 330 days of operation. The current capacity is 13,675 TPD, but part of that (almost 2,000 TPD) is closed for several reasons, including the non-availability of corn in some areas as well as the low selling price of starch and other co-products. Pl...
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
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.