Oil palms require fertilizer every three months to maintain productivity but Russia’s war in Ukraine has threatened world supplies and driven up prices. This is particularly hurting Indonesia, the world’s largest supplier of palm oil. The imposition of export restrictions by Jakarta drove down the price of palm fruit at the same time fertilizer fell into short supply, driving up the price by 72 percent. The palm plantation area and production output in Malaysia has generally been flatter than in Indonesia, where area has been expanding and output growing even faster due to the increased use of fertilizer. Fertilizer use in Indonesia grew by 18 percent over the past decade but was flat in Malaysia. As a result, Malaysia ha...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.