Vegetable Oil Imports via South Asian Countries India’s edible vegetable oil imports dropped about 2.23 percent during November 2017-June 2018 to 9.4 MMT versus 9.615 MMT in the same previous eight months. For June 2018, they were 19.18 percent lower than May 2018 at 1.007 MMT and down 22.11 against June 2017. Meanwhile, crude palm and palmolein imports totaled 5.557 MMT in the November 2017-June 2018 period with sold oil imports at 3.843 MMT versus 5.925 MMT and 3.690 MMT, respectively, during November 2016-June 2017. After the government of India (GOI) raised the duties on crude and soft edible oils, there was a surge in oil imports from South Asian nations, particularly Bangladesh. While that country is not a very large producer...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
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.