India Raises Minimum Price for Rapeseed Faced with farmers protesting low commodity prices, the government of India (GOI) yesterday boosted the minimum prices of winter crops, and that of rapeseed was raised 5 percent to 42,000 rupees/MT. At the current exchange rate of 73.1 rupees per USD, that equates to $574.48/MT, which is well above the world price. Prime Minister Narendra Modi’s Bharatiya Janata Party won India’s last presidential election with overwhelming support from farmers based on a promise to raise their incomes. As global commodity prices have fallen, however, they have become disillusioned with Modi and his party. This week the government had to use tear gas and water cannons to break up protests by an estimated...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.