Higher Argentine Statistics Duty Squeezes Soy Crushers The government of Argentina has issued a decree that raises the statistics duty on imports from 0.5 percent to 2.5 percent for the remainder of the year. This step was taken to raise money to help reduce the government deficit in 2019.The increase will significant impact Argentine processors who import soybeans from other countries. Approximately 4 MMT are normally imported into Argentina, mostly from Paraguay and Brazil, for blending with lower-protein local soybeans to boost the average protein level of the soymeal produced. Reports indicate Argentine processors are finding this year’s domestic crop has an abnormally low amount of protein, resulting in greater demand for highe...
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.