World Perspectives
softs

India’s Rice Squeeze

The New Delhi playbook for staple crops is to offer farmers a generous Minimum Support Price (MSP), donate the extra output to the nation’s poor, and then dump on the world market any surpluses that would otherwise depress domestic prices. India’s rice surplus was around a quarter of production a dozen years ago but exports have been expanding at double digits a year while output has grown just 2.7 percent per year. The result in this El Nino impacted crop year is that carryover will represent just 12 percent of production this year. That is too close for comfort and so India has slowed the rice export juggernaut and banned the export of non-Basmati rice and other crops.  The pace of rice production could resume its ascent...

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softs

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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