India Oil Meal Exports Up Oil meal exports of 2.043 MMT for April-November were almost 10 percent higher versus 1.855 MMT for the same period last year. October 2018 was the start of the soymeal season, and nearly 0.367 MMT were exported in the two-month period since then, up 32.73 percent from 0.278 MMT during October-November 2017. The increase is partly attributable to the 10 percent export incentive for soymeal. For April-November 2018, those exports increased nominally and totaled 0.785 MMT against 0.768 MMT at the same time a year ago. Of the total exports in that eight-month period this year, Iran and France were the largest importers at 0.199 MMT and 0.137 MMT, respectively. Meanwhile, the current domestic soymeal price is $3...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.