Update on Argentine Export Tax Rates Following the report here a week ago on the changes to Argentina’s export taxes (click here), more details have now been provided. As was noted, the export tax differential for the soy sector was eliminated as the rates for soybeans, soymeal and soyoil were all changed to 18 percent plus 4 pesos per USD of export value. Additional information now indicates that the latter cannot exceed an ad valorem rate of 12 percent, which means the maximum combined rate for the three commodities is 30 percent. However, that rate will be lower if the value of the peso declines. The export tax of 4 pesos per USD of export value also applies to sunflower seed, but that rate is 3 pesos per USD for sunflower...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.