Bangladesh is importing increasingly higher volumes of soybeans, and it has added a substantial amount of new processing capacity in recent years after realizing it could no longer depend on one particular country to meet its soymeal needs. Bayer and Sumitomo to Collaborate on Fungicide Development for Brazil Germany’s Bayer and Japan’s Sumitomo Chemical Company have entered into an agreement to collaborate on developing new fungicides for the Brazilian soybean sector. Under the terms, they will utilize each other’s existing fungicide products in combination to control pathogens like Asian soybean rust, which costs Brazil’s soy farmers billions of dollars each year in lost yields and fungicide application costs. In many years, they must s...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.