India Doubles Benchmark Vegoil Import Prices The Indian government today raised the minimum taxable price for vegoil imports as expected. The minimum import for crude palm oil on which import duties will be collected was raised from $447/MT to $802/MT. The minimum price for soyoil was increased from $580/MT to $1,190/MT. Importers of the two oils will now be forced to pay duties of no less than 2.5 percent of those minimum values.The Indian government previously allowed duty-free imports of crude vegoils so there was no need for the government to establish minimum import prices. However, the government recently decided to impose the 2.5 percent tariff on imports to protect domestic oilseed producers. For example, India's peanut productio...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.