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Rice Signals Future

Global rice stocks are down just 2.7 percent this year, but the drop is larger in key rice consuming countries, plus the largest rice exporting nation, India, imposed an export restriction. This has caused an exaggerated response in price with global values rising 29 percent year-on-year.  This has caused problems in Malaysia where domestic rice was in shortfall and then the government raised the price of imported product by 36 percent to reflect the global market. By contrast, Pakistan’s rice output is up 63 percent and is the second largest crop on record. It looks to export 5 MMT, a 40 percent increase. The U.S. will see a 32 percent increase in rice exports.  El Nino is blamed for the volatility in rice production, and...

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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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