While GOI is continuing to procure local wheat for the MY 2017/18 program, imports are still feasible despite the 10 percent duty with one particular origin deliverable at a lower cost than domestic stocks. Sugar Production Down; Ethanol Blending Limited Based on India’s current sugar production and demand in sugar year 2016/17 (September-October), carryover stocks will total 3.3 MMT for 2017/18. It is expected that the government of India (GOI) will allow an early crush in October 2017, and the 2017/18 production could total 24 MMT. If the crush is delayed, however, the crop may be allowed to mature, which could possibly boost production by 0.5–0.8 MMT.To secure a comfortable position on sugar, GOI should allow imports of another 0.5 MMT...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.