Indonesian President Promises to Move to B-100 if Reelected Indonesian President Joko Widodo said in a debate that if reelected, he wants to move from requiring the blending of 20 percent biodiesel made from palm oil with diesel to 100 percent. He said that doing so would create a market for about 30 percent of Indonesia’s palm oil production, forecast at about 46 MMT this year, and greatly reduce the country’s foreign exchange outlays to import petroleum. This push is partially driven by European threats to eliminate its use of biodiesel made from palm oil as well as the rising vegoil output. Environmentalists claim the use of palm oil as a biodiesel feedstock is a major contributor to greenhouse gas emissions and the cause o...
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.