Malaysians Upset with France over Palm Oil Treatment Malaysia's government and palm oil industry are quite upset with efforts by some in the French government and industry to tax and denigrate palm oil. The French government currently imposes a 100 euro/MT tax on palm oil. Last year, the French Senate barely defeated a proposal to raise it to 300 euros/MT. Those supporting the tax were critical of palm oil because its high saturated fat content is linked to increased heart disease and rainforests are being destroyed to plant oil palms.The Malaysian palm oil industry also says that the French government needs to take action to prevent some food companies from smearing palm oil by not including it in their products and incorporating "no...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.