India Expected to Raise Vegoil Tariff Rates Undisclosed sources in India’s government have told Reuters that officials are considering a hike in the tariff rates for some edible oils in the next few days. They apparently referenced soyoil, rapeseed and sunflower oil specifically. The current Indian tariff rates are 30 percent for soyoil, and 25 percent for rapeseed oil and sunflower oil. For many years, the government of India (GOI) has raised and lowered vegoil tariffs in a balancing act that favors either consumers or farmers. When global vegoil prices are high, it has lowered tariffs to ease the impact on consumers while raising them to please farmers when prices are low. Currently low global vegoil prices have depressed oilseed...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.