India's domestic oil industry had asked GOI to raise both the duty on imported oil along with the differential between the crude and refined oils duties to 15 percent. However, the government decided to take a different approach. Vegoil Import Duty Slashed; Imports Rising In September 2016, the government of India (GOI) reduced the import duties on wheat and vegetable oil. Although the country is going to produce a record kharif oilseed crop of 23.363 MMT, an approximate 40.8 percent increase against 16.5 MMT last year, oil demand is likely to be higher during the festival season. In addition, the new stocks from domestic sources may not be available in the market any time soon. However, the lower duty will help keep prices down. GOI had...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.