Although GOI provided an incentive to ethanol manufacturers and an exemption from the 12.36 percent excise duty, the availability of cost-effective molasses, required for production, needs to be addressed. The issue of other taxes also leaves the OMCs uninterested in blending. India's Agricultural Exports Decline; Feasibility of Imports India's corn exports are down to 600,000 MT from 1.4 MMT at this time a year ago and were estimated by the trade to be 10,000 MT at maximum in April. Oil meal exports for that month were down to 162,000 MT from 187,360 in March and 248,445 MT in April 2014, decreases of 13.5 percent and 34.79 percent, respectively. Soymeal exports were a mere 18,017 MT last month compared with 89,883 MT a year ago, a 79.95...
Russian Grain Markets: 4 - 8 May 2026 During the week under review, the Russian grain market began showing more bullish sentiment despite the traditionally slow pace of business during the May holiday period. Russia celebrates several holidays during early May, with Victory Day on 9 May being t...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.