India’s Corn Prices Too High; End Users Want Imports The Indian poultry, dairy, feed and starch sectors’s corn consumption has grown 1.1 MMT since 2014/15 to reach 19.63 MMT in 2017/18. The marketable surplus peaked in 2016/17 at 19.10 MMT, per the industry estimate. Erratic supplies have affected domestic demand, causing the latter to move from a 19.97 percent decline in 2015/16 to a 19.59 percent increase in 2016/17 when stocks were at the highest. The government of India (GOI), though, has projected the increase in supplies will drop from a high of 14.8 percent in 2016/17 to a low of 0.90 percent in 2018/19. Meanwhile, the industry has projected a decreases in production of 2.17 percent in 2017/18 and 7.11 percent in 2018/1...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.