An increase in the MSP for pulses incentivized farmers to expand their plantings, and 2016/17 production is projected at a record 22.4 MMT. However, those farmers and GOI are now finding there are some repercussions. Effect of Higher Sugarcane FRP on Sugar Prices As India’s sugarcane farmers prepare to plant crops, the government of India (GO)I has provided an incentive. It has increased the Fair and Remunerative Price (FRP) of sugarcane 10.869 percent to Rs.2,550 ($39.23)/MT for 2017/18 (October-September) from Rs.2,300 ($35.384)/MT in 2016/17. This price will apply if the sugar recovery is 9.5 percent, and farmers will receive an additional Rs.28.60/MT for every 0.1 percent increase. If recovery is 10 percent, the FRP will be Rs.2,693 (...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.