India’s Vegetable Oil Demand and Imports Both Higher in 2017/18 India’s overall vegetable oil imports reached 15.573 MMT for 2017/18 (March-April), a 9.53 percent increase from 14.217 MMT the previous year. This included 15.181 MMT of edible oil and 0.392 MMT of nonedible oil, up from 13.975 MMT and 0.242 MMT, respectively. Palm oil’s share of all edible oil imports was over 60 percent as Malaysia withdrew its export duty on that variety. India imported 9.293 MMT (crude, refined, etc.) in 2016/17, which comprised 62 percent of the total imports, and 3.795 MMT from November 2017 to March 2018 (the first five months of the oil year), up slightly from 3.553 MMT during the same period of the previous oil year. That volume of...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.