India Considering Proposal to Lower Vegoil Import Tariff Rates The government of India yesterday indicated it is considering reducing tariff rates for imports of vegoils. The initiative is aimed at reducing vegoil prices to consumers since vegoil prices have more than doubled this year. Vegoils contribute a major share of the calories consumed by India’s people, a large share of which are vegetarian. India currently applies tariff rates of 32.5 percent for palm oil and 35 percent for soyoil. The high rates ostensibly are aimed at protecting domestic oilseed producers and processors, but also serve as an important source of revenue to the government. India is the world’s largest importer of vegoils that supply 65 percent of dom...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
From WPI Consulting
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.