Bumper Wheat Crop Expected, but Imports Still Cheaper Available records indicate the area under wheat in 2017/18 totals 28.3 million hectares, down about 4.77 percent from last year and less than the 30.2 million hectares planted under normal circumstances. While the area is smaller in Uttar Pradesh, there is still time for sowing. That window has closed in Madhya Pradesh, however, and the planted area there has reached 4.453 million hectares versus 5.381 million hectares a year ago and the usual 6.4 million hectares. Nevertheless, it could expand to 5-5.2 million hecatares if irrigation allows farmers to add some late sowing. The government of India (GOI) still has a production target of 97.5 MMT for 2017/18 against 98.38 MMT in 2016/17...
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
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.