The U.S. has complained that India has underreported to the WTO on its wheat and rice subsidies, which involve the largest crops receiving support. However, the largest annual increases in the market support price (MSP) are going to soybeans and then maize. As previously noted, India’s soybean area expansion has been outpacing the rest of the world, no doubt encouraged by an MSP that jumped from Rs1440 crore/MT to Rs 3880 crore/MT between 2010 and 2021. The subsidy for maize grew the second fastest and India is now exporting a lot of corn into Southeast Asia. India’s new farm policy seeks to make the system more market oriented by allowing farmers to sell anywhere in the country instead of being restricted to the local ma...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.