India's sugar price has improved considerably in the past three months, rising 15.9 percent from a low spot price of $466.20/MT in Kolhapur (Maharashtra) on 12 January to $540.37/MT on 31 March. Meanwhile, the sugarcane crop forecast has implications for domestic ethanol production. Lower Sugar Production, Higher Prices As a result of two consecutive years of drought, India’s sugar production is expected to drop 9 percent from a record 27.84 MMT in 2014/15 to 25.6-25.7 MMT in 2015/16. According to the Indian Sugar Mills Association (ISMA), the volume totaled 23.7 MMT as of 31 March 2016 and from the beginning of sugar year 2015/16 (1 October 2015) or about 1.1 MMT less than at the same time last year. Additional production is expected to...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh has asked the USA for technical assistance to improve grain storage and strengthen quality testing of imported grains. Of major importance to Bangladesh is the “technology to improve grain preservation and grain s...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.