Soybean Supply and Demand Balance Shows Deficit While the government of India (GOI) has forecast the 2017/18 soybean crop at 11.39 MMT, the trade and industry is projecting 7.2-7.5 MMT. Domestic crushers have procured 0.1 MMT from various African origins (mainly Ethiopia) in recent months as the duty on imports from there is lower. In addition, those soybeans are non-GM as required by GOI, and there is also no Low Level Presence (LLP) policy, which means the stocks must be 100 percent free of GMOs. It will be difficult for India to import such large quantities of non-GM soybean seed or even soymeal due to the lack of availability internationally. As a result, India is likely to continue importing soyoil and other soft oils to fulfil its ne...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.