Thailand’s market is now officially reopened to soybean and soymeal imports as the government has resolved a lapse in tariff policy that caused import duties to default to prohibitively high levels earlier this month. On 27 January, the Thai Cabinet approved the continuation of its market-enabling framework and formally restored lapsed WTO tariff-rate quotas through the end of 2028. The decision reopens import channels that were effectively closed when government policy defaulted in early 2026 to a system of high bound tariffs for soybeans and soymeal. For soymeal, Thailand will maintain a WTO tariff-rate quota (TRQ) of 230,559 MT per year from 2026–2028, with an in-quota tariff of 10 percent and an out-of-quota tariff of...
What You Need to Know Today: Rising hostilities and an end to any semblance of a ceasefire between the U.S. and Iran created geopolitical risk-off trade in macroeconomic markets, though the CBOT seemed immune. President Trump announced the U.S. military would resume its naval blockade on Iran...
USDA released its monthly World Supply and Demand Estimates on Friday, forecasting tighter beef supplies and growing pork and broiler supplies. Beef production was lowered due to a slower fed cattle harvest, which was offset somewhat by cow slaughter. Fed cattle slaughter was forecast to...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.