India Expected to Raise Vegoil Tariff Rates Undisclosed sources in India’s government have told Reuters that officials are considering a hike in the tariff rates for some edible oils in the next few days. They apparently referenced soyoil, rapeseed and sunflower oil specifically. The current Indian tariff rates are 30 percent for soyoil, and 25 percent for rapeseed oil and sunflower oil. For many years, the government of India (GOI) has raised and lowered vegoil tariffs in a balancing act that favors either consumers or farmers. When global vegoil prices are high, it has lowered tariffs to ease the impact on consumers while raising them to please farmers when prices are low. Currently low global vegoil prices have depressed oilseed...
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...
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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.