The Turkish government has increased the local value-added tax (VAT) on imported DDGS and corn gluten feed in order to protect domestic soybean/sunseed crushers. The country imports most of its DDGS from the U.S., while much of the corn gluten feed originates in Ukraine. Regional Updates Middle East/Mediterranean Comments Iran and Ukraine have signed a memorandum of understanding (MOU) that will help develop agricultural business between the two countries. Ukraine is looking to greatly expand the range of those items exported to Iran, which comprise 85 percent of its exports to that nation, while hoping to attract local investment from there in its agriculture production.Meanwhile, Iran’s wheat supply for the next year (March 2016-Februa...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.