India's new government plans to revamp the flagship scheme of its predecssor, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGA), and has proposed that 60 percent of funds under the plan be utilized to create infrastructure/assets in the villages for agriculture. War on Price Increases Food price inflation in May reached 6 percent with the prices of essential food items, especially vegetables, fruits, cereals, pulses and oil, likely to increase if the monsoon is deficient and sowing is delayed. Milk prices have already been raised, and poultry meat is now expensive due to a short supply, heavy mortalities and high feed costs. The incumbent government will present its first budget on 10 July 2014, and everyone is eager...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.