New Support Price and Strengthening Rupee Affect Corn Exports With the rupee strengthening by approximately 8.84 percent within a 30-day period (67.71 rupees/$1 on 4 September 2013 versus a value of 61.72 rupees/$1 on 4 October 2013), the current Minimum Support Price (MSP) of 13100 rupees($211)/MT makes corn exports from India unfeasible.Reports are that some states are also looking to offer a bonus of 500 rupees ($8)/MT to farmers selling to the government. This will bring the MSP to 13600 rupees ($219)/MT. However, this is in the land-locked state of Madhya Pradesh (Central India), and traders had expected to source the material for export from Andhra Pradesh and Karnataka. Based on an abundant harvest expectation and a depreciated...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.