Increased Minimum Support Price for Grains Next Season While the Ministry of Agriculture has recommended an increase in the Minimum Support Price (MSP) of wheat by 1,000 rupees ($16.39)/MT, the Cabinet Committee of Economic Affairs (CCEA) raised the MSP of wheat by 500 rupees ($8.19)/MT on the recommendation of the Commission for Agriculture Costs and Prices (CACP). The new MY 2013/14 MSP for wheat beginning April 2014 will be Rs.14,000 rupees ($229.50)/ MT. The increase is marginal, 3.7 percent as per the farmer groups and the opposition, and should have been much more. Wheat is harvested in March and normally comes to the market in April. The government of India (GOI) will start the procurement at the new price on 1 April 2014.CCEA w...
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...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.