Rumor of Export Tax Increases in Argentina Escalates Sales Registrations There was a rumor last week in Argentina that the government would soon announce an increase in export taxes on agricultural commodities that includes boosting the rate from 8 percent to 10 percent for grains and from 18 percent to 30 percent for soybeans/soy products. This caused exporters to frantically register a great number of sales to avoid the possible higher rate. AgriCensus reported that they registered sales last Thursday and Friday for 1.98 MMT of soybeans, 540,347 MT of wheat and 420,147 MT of corn, which represent about six weeks of the normal volume. Government officials claim there are no plans to raise export tax rates, but the trade seems to believe...
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
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.