Higher Argentine Statistics Duty Squeezes Soy Crushers The government of Argentina has issued a decree that raises the statistics duty on imports from 0.5 percent to 2.5 percent for the remainder of the year. This step was taken to raise money to help reduce the government deficit in 2019.The increase will significant impact Argentine processors who import soybeans from other countries. Approximately 4 MMT are normally imported into Argentina, mostly from Paraguay and Brazil, for blending with lower-protein local soybeans to boost the average protein level of the soymeal produced. Reports indicate Argentine processors are finding this year’s domestic crop has an abnormally low amount of protein, resulting in greater demand for highe...
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.