Mauricio Macri promised Argentina’s agricultural exports would increase sharply if he was elected president and eliminated export taxes. Data released by the government today proved he was correct. Large Vegoil Refinery to Open in Iraq Iraq’s Etihad Food Industries plans to open a very large vegoil refinery early in 2017 in Babylon Province, located south of Baghdad, with a daily capacity of 3,000 MT (1.1 MMT/year). It is situated next to the company’s sugar refinery and is intended to process 1 MMT of vegoils annually, including soybean, sunflower, corn and palm oils that will be imported from abroad. The company currently is in the process of seeking contracts from multiple crude vegoil suppliers for the facility. The top customer is ex...
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
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.