Food Security Bill Update The much anticipated national food security bill aims to provide and distribute 24 kilograms of food grains at a subsidized price to 68 percent of the population. Specifically, rice will be available at 3.00 rupees per kilogram, wheat at 2.00 rupees per kilogram and coarse cereals at 1.00 rupee per kilogram. The bill originally was to be introduced during Parliament's winter session, but because the Parliamentary Committee failed to submit its report, it now will be introduced in the February 2013 budget session.India's Public Distribution System (PDS) currently provides food grains to 65.2 million beneficiaries below the poverty line and 110.5 families (nearly 550 million people) above the poverty line, totalin...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.