Indonesian Government Rejects Proposal to Eliminate Soybean Import Tariff Today, the Indonesian government rejected a proposal by its Minister of Trade to eliminate the country's 5 percent tariff on soybean imports. The minister had proposed scrapping the tariff to help reduce the price of the soybeans widely used to make tempeh, tofu and other foods.The price of soybeans should be falling in Indonesia because of declining global prices. However, the government has set up a system that requires registered soybean importers to buy a set amount of domestic soybeans before they can acquire permits to import foreign-origin soybeans. Importers say they cannot locate sufficient domestic supplies of soybeans to purchase and therefore get the...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.