World Perspectives
wheat

Grain Substitution

Grain producers saw the value of their output fall in 2023 and the best they can hope for in 2024 is to stem the bleeding. Meanwhile, Europeans are frustrated as the price of cocoa has risen more than 50 percent over the past year. Asians are frightened as the price of rice has risen nearly 40 percent over that same period. Rice is a staple food crop and consumes a large share of disposable income, making an outsized inflationary impact. Asia produces and consumes most of the world’s rice and and very little of it is traded. India is the largest exporter and it imposed a ban on non-Basmati white rice exports to trim inflation. Now there is concern that other suppliers could do the same. Traditional consumers of rice might hold fear,...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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