After two failed monsoons and higher food demand for its population of 1.26 billion, India is gradually becoming a net importer as the country's water crisis is having a severe impact on a variety of crops there. Sugarcane FRP to Remain Unchanged The Fair Remunerative Price (FRP), the legally guaranteed minimum price, of sugarcane remains unchanged at Rs. 2,300/MT ($34.32/MT) for the next season startign October 2016. It is fixed after consideration of the farmers’ margin and based on the cost of production, including transportation. However, state governments can establish a higher price. Additionally, the state-advised price (SAP) and millers’ offer prices can be above the FRP, which is linked to a basic sugar recovery rate of 9.5 perce...
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...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
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...
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.