EU Rapeseed Crushers Impacted by Argentine Biodiesel Imports EU rapeseed processors have done quite well in recent years because of EU tariffs blocking biodiesel imports from the U.S., Argentina and Indonesia. With practically no foreign competition to biodiesel made in Europe, mostly from rapeseed oil, the crushers had a profitable outlet for their production. That is no longer the case, however, because the EU was forced to sharply reduce tariffs on Argentine biodiesel in September after a WTO panel ruled its antidumping duties (ADs) were inconsistent with that body’s rules. Subsequently, the U.S. imposed countervailing duties (CVDs) on the same biodiesel, which effectively blocked such imports. As a result, Argentina has been dive...
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 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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.