Russian Grains Markets: 15-19 August 2022 Russia’s harvest continues. As of 11 August, grain production showed 75.5 MMT harvested, which is up 600,000 MT from last year. The total area harvested is 18.1 Mha, which is 6.5 Mha behind last year. Specifically, wheat was harvested from 14.2 Mha versus 16.9 Mha (62.8 MMT) a year ago, barley was harvested from 2.4 Mha versus 4.9 Mha and totaling 8.8 MMT, and rice was harvested from 406,400 ha versus 780,700 ha last year and totaling 1.1 MMT. This year, the average yield has increased for all the above crops. In some areas, winter crop planting has begun but is behind compared to last year. The current estimation of the 2022 crop in Russia is around 145 MMT, of which 95 MMT is wheat...
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.