World Perspectives
wheat

Türkiye’s Higher Wheat Flour Exports

Türkiye is the world’s largest exporter of wheat flour, and the International Grains Council says the country will export a record 5.4 MMT in MY 2023/24. That is up 12.5 percent from MY 2022/23. Part of the reason is a bumper domestic wheat crop based largely on higher yield. Rains are always the wildcard in this region's agriculture and this spring, Türkiye received some generous spring rains. The area harvested was up 5.8 percent from a year earlier but is off 2.6 percent from the 10-year average. But the yield is up 6.6 percent for the year and is 10.8 percent above the 10-year average. This enabled a 16.6 percent reduction in wheat imports. At 0.55 percent, Türkiye’s population growth rate is relatively small...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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