The EU has extended its countervailing duties (CVDs) on U.S. biodiesel which was set to expire this month. The duties were put in place in 2009, renewed in 2011, and again in 2015. But earlier this month, the European Biodiesel Board petitioned for an extension citing … sufficient evidence that, should measures be allowed to lapse, the current import level of the product under review from the country concerned to the Union is likely to increase due to the existence of unused capacity in the country concerned and the attractiveness of the Union market in terms of volume of consumption. The European Commission has 12 to 15 months to finalize an investigation; until then the CVDs stay in place. They were put in place to counter the U...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.