In an effort to offset a huge decline in soymeal exports, India may be rebating a larger percent of the FOB export value to exporters. India Increases Soymeal Export Subsidy Because of a huge decline in the country's soymeal exports in the last year, the government of India (GOI) has raised the export subsidy. It appears that GOI may now rebate 5 percent of the FOB export value to exporters. This can be used to pay import duties on other goods or transferred to others for similar use. Previously, the rebate was 2 percent and not assignable to anyone else. If the FOB export value of soymeal is $400/MT, the change raises the rebate from about $8/MT to $20/MT. It is likely most soymeal exporters will sell the rebates to others wanting to imp...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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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.