India’s Vegoil Refiners Push Lower Tariff Rates for Crude Palm Oil The Solvent Extractors Association (SEA) of India is pushing the government to lower the import tariff on crude palm oil to prevent further damaging of the domestic vegoil refining sector. The request is a result of surging imports of refined palm oil from Malaysia and Indonesia. It indicates 1.45 MMT were imported last month, a 26 percent increase from 1.15 MMT in March 2018. The total was 1.24 MMT in February, up 7.4 percent versus the same month last year. India is the world’s largest importer of vegoils. Under bilateral agreements with Malaysia and Indonesia, the government of India (GOI) on 1 January 2019 reduced the tariff rates for crude and refined palm...
Agriculture generates a lot of numbers in addition to crops and livestock. As ag economists, we are continually reviewing crop production, commodity prices, farm incomes, and international trade. You don’t often see much about capital investment in the ag press, however. New mills and gra...
What You Need to Know Today: The U.S. and Iran resumed missile strikes after a brief pause in fighting, raising concerns that the five-month conflict could expand across the Middle East. Jordan intercepted Iranian missiles, Kuwait reported a fatal strike, and drone attacks damaged two natural...
The Senate Agriculture Committee will take up the farm bill next week, and a number of amendments targeting the meat industry are expected to be offered. Two of the most potentially damaging are the Schumer amendment, based on his bill, the Family Grocery and Farmer Relief Act, and mandatory co...
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.