At the start of the wheat season, it was thought in India that international prices could rise if large volumes of wheat were to be imported. That has not occurred, however, and GOI has taken a step to facilitate those imports while making assurances regarding the open market there. Slashed Wheat Duty to Boost Imports After much discussion and pressure from the market, the government of India (GOI) reduced the wheat import duty last week from 25 percent to 10 percent, effective immediately until February 2017. Trade considers that to be a rollback as the duty was increased to 25 percent in June 2016. Some view it an acknowledgement of the shortfall in wheat production and resulting need for imports to address the supply/demand gap and kee...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh has asked the USA for technical assistance to improve grain storage and strengthen quality testing of imported grains. Of major importance to Bangladesh is the “technology to improve grain preservation and grain s...
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.