With India's planted corn area down and production expected to be impacted by the effects of flooding and drought, several factors could limit any imports to meet demand. India’s Vegetable Oil Demand Rises; Shares of Traditional Oils Drop India’s edible oil imports in oil year 2016/17 (November-October) will likely reach 15MMT. They were at 1.336 MMT in August 2017, down from 1.489 MMT the previous month but higher than the 1.248 MMT in August 2016. They totaled 12.749 MMT during November 2016-August 2017, up from 12.165 during the same period a year ago, and another 2.3 MMT are expected in the remaining two months of the current oil year.From 2001/02 to 2015/16, vegoil consumption has risen from 10.125 MMT to 21.35 MMT or 7.39 percent pe...
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.