MSPs for Key Crops Increased Before Sowing Season Begins The government of India (GOI) has raised the 2017/18 Minimum Support Prices (MSPs) for rabi crops in order to encourage farmers to plant more pulses and oilseeds. The MSPs for wheat and barley were also increased.
The government and its agencies pay the MSP to procure stocks if market prices fall below that set level. Those prices of oilseeds and pulses dropped below the MSPs in 2016/17, but GOI did not purchase much. Now pressure is building on the government to ensure that farmers receive at least thae value of the MSPs from the market or the government. Interestingly, GOI did not increase the MSP for sugarcane, keeping it at Rs.2,550/MT ($39.23/MT). Meanwhile, the Uttar Prades...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
Brazil’s broiler exports are up 29.9 percent by volume in July and up 43.3 percent in value, and for the January through July period, exports rose 15.2 percent by volume and 19.3 percent in value. China was the top customer in July with 75,000 MT after being closed in July 2025 due to HPA...
