World Perspectives
feed-grains soy-oilseeds wheat

Oilseed Highlights

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...

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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.

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