GOI's recently released Economic Survey 2014-15 strongly advocated cutting subsidies and using new technologies to address problems with the distribution system. It is now planning to use three such tactics to justify the allocations and target the recipients, especially for fertilizer. Overproduction Impacts Sugar Prices; WTO Questions Subsidies The Indian Sugar Manufacturers Association is now estimating India's production at 26.5 MMT for the sugar year ending September 2015. That is 500,000 MT more than the previous forecast and 2.1 MMT (8.6 percent) greater than last year. Maharashtra is expected to produce 10 MMT against 9.3 MMT a year ago, according to the new estimates. India started the year with 7.21 MMT against an approximate de...
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.