Wheat Sowing Slow; Higher Prices Remain Stable The rabi wheat sowing has reached 11.066 million hectares thus far, down 12.41 percent from 12.635 million hectares at the same time last year. The government of India (GOI) had doubled the wheat import duty in early November (near the start of the new season) from 10 percent to 20 percent as a signal to farmers that they should produce more wheat and also to reduce the level of imports needed. However, it is possible that the planted area will be expanded this season. One reason being given for the current reduced coverage is the stubble issue. As farmers have not been able to remove the stubble from paddy quickly enough since burning has been banned, the sowing is slow and could remain so f...
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...
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.