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...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.