Brazil Considering Temporary Suspension of Tariffs on Soybeans The Brazilian Agriculture Ministry today indicated it is considering temporarily removing import tariffs on rice, soybeans, and corn to reduce inflation. The tariff exemption is expected to be considered by a trade management committee (Gecex) in September. There is no question Brazilian domestic soybean prices have escalated in recent weeks as a result of very large exports and a weak currency. Yesterday, the spot FOB export price of soybeans at Brazilian ports was $405.75/MT. That was $28/MT higher than the spot FOB price of U.S. soybeans at Gulf ports and $14.75 above the price at NW ports. That high Brazilian soybean price may be positive for Brazilian soybean farmers, but...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.