The government of India's (GOI's) decision to impose a 10 percent wheat import tariff is expected to enable the Food Corporation of India (FCI) to offload its low quality wheat on the domestic market at a price higher than that of the world market. Wheat Import Tariff It was thought that the government of India (GOI) would not introduce a wheat import tariff, which would increase the price of value-added products, but the inter-ministerial panel recommended that it do so at the rate of 10 percent. Thus, GOI issued a notification on 7 August 2015 that such a duty on all wheat imports was effective immediately until 16 March 2015. It is expected that this will now enable the Food Corporation of India (FCI) to offload its low quality wheat o...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.