The long-standing demand from the Solvent Extractors Association (SEA) of India to boost the duty for crude and refined edible oils was met by the government of India (GOI) this week when it raised the rate by 5 percent. This move is expected to benefit both farmers and oilseed crushers. Increased Duty on Edible Oils; Domestic Prices Jump The long-standing demand from the Solvent Extractors Association (SEA) of India to boost the duty for crude and refined edible oils was met by the government of India (GOI) this week when it raised the rate by 5 percent. This increase is expected to help farmers receive a remunerative price for oilseeds as well as benefit oilseed crushers with marginally higher oil prices in the domestic market.The custo...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.