Following pressure from the sugar lobby, largely the cooperatives, GOI has agreed to bail out the sugar industry once again and has increased the import duty from 15 percent to 40 percent. It has also mandated ethanol blending at 10 percent. Lack of Soil Moisture Derails Sowing Pace Drought-like conditions are prevailing throughout India where there is a rain deficiency of 41.3 percent as of 26 June 2014. The central region has been most impacted with a deficit of 57.9 percent, followed by the northwest at 49.2 percent and south peninsula at 31.7 percent with the east and northeast at 28.6 percent.More than 80 percent of the country is experiencing a rain shortage, according to the Indian Meteorological Department (IMD), and there continu...
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...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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.