While India’s gross domestic product (GDP) was at a high of 7.3 percent in the second quarter, it is likely to be negatively impacted in the third and fourth quarters. Vegetable prices have crashed, and small trades are out of business as recent government action continues to have a ripple affect. Poultry Prices Drop as Discretionary Spending Hit The Modi government’s demonetization of the domestic currency has strongly impacted local poultry farmers. The live chicken prices in Malegaon, Maharashtra dropped from $1.12/kg to a record low $0.554/kg, a 50.89 percent decrease. Farmers are unable to sell any chicken as consumers are conserving their cash for regular home expenses rather than using it for discretionary spending such as dining o...
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.