U.S. Bans Imports of Crude Palm Oil from Malaysian Company FGV Holdings The U.S. Government yesterday banned imports of crude palm oil from the Malaysian Firm FGV Holdings. The ban came after a year-long investigation by the U.S. Customs and Border Protection (CBP) agency that revealed signs of forced labor such as abuse of the vulnerable, physical and sexual violence, intimidation and threats, and retention of identity documents. The investigation revealed forced child labor used by the company. Today, an official of the Malaysian government indicated it expects another large palm oil company will be banned by the U.S. for the same reasons. FGV Holdings was established in 2007 as Felda Global Ventures Holdings Berhad and renamed as...
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.