Punish the People Like consumers elsewhere in the world, Indians are now paying about double for vegetable oil what they paid a year ago. This is a bargain when one considers that Chicago July soyoil futures are up 150 percent from last year. India is the world’s largest importer of vegetable oil despite imposing import tariffs north of 30 percent. The tariffs are intended to boost domestic oilseeds production, but they have failed miserably. Ten years ago, India produced 24.1 MMT of cottonseed, palm kernel and soybeans; this year its production is 23.5 MMT. The only thing accomplished by the levy is punishment of the Indian consumer. Chump Trade Policy Trump trade policy involved imposing tariffs to create leverage for negotiating...
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.