Preliminary Duties Set on Argentine and Indonesian Biodiesel On Monday the Commerce Department announced preliminary antidumping duties on biodiesel imports from Argentina and Indonesia of 54.36-70.05 percent and 50.71 percent, respectively. The duties effectively stop those imports from both countries. The final rates will be announced in early January 2018. In response, the government of Indonesia announced that it would contest the antidumping duties at the WTO. The country’s biodiesel exports were worth $268 million in 2016. Meanwhile, the Argentine government has indicated it is willing to establish a minimum price for its biodiesel exports to avoid imposition of the duties and is in discussions with the Commerce Department reg...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.