Katy Bar the Door Malaysia had filed a WTO dispute settlement case against the EU’s Renewable Energy Directive, arguing it is prejudicil in limiting the amount of imported palm oil that could qualify under the scheme. Brussels has pursued other ways to limit imports of palm oil from Southeast Asia, for example arguing it contributes to deforestation. Yesterday, the WTO panel ruled that Malaysia failed to establish the specifics of any trade obligation violations involving Europe’s Indirect Land Use Calculation (ILUC). This will likely encourage other efforts to restrict imports along the same criteria. Pursuing Food Sovereignty French Minister of Agriculture Marc Fesneau has put his country’s “food sovereign...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Key Takeaways: Dry bulk markets are mixed this week with the Capesize sector seeing a sharp correction from its recent rally. Smaller vessel classes are steady/firmer but the Chinese Golden Week Holiday is pressuring near-term rates. Dry bulk freight did not receive the bullish boost it...
Key Takeaways: Russia recently said it would convert existing export terminals in the Baltic and Arctic Seas to handle grain as the Black and Azov Seas remain closed to maritime trade. Futures markets reacted negatively to this news, but does the conversion matter to short-term and long-...
There was encouraging news over the weekend: the White House may reject the misguided idea on Capitol Hill to ban U.S. diesel exports. What WPI has noted previously was perhaps best put by a Department of Energy report of 2022, under the Biden administration: Petroleum liquids markets are globa...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.