Russian Grain Markets: 23-27 August 2021 Prices for grain crops (except corn) in the domestic Russian market followed last week’s trend and increased, this time both in the European and in the Asian parts of Russia. Corn prices fluctuated insignificantly. One of the main events of the past week was the significant increase of export duties, especially for wheat. During the tender held last week by GASC, Russian wheat was not competitive. Export milling wheat average price increased to $298/MT FOB Black Sea. Average purchase price decreased to RUB 16,600/MT CPT-port Black Sea. Feed barley average export price remained at $260/MT FOB Black Sea, average purchase price at RUB 15,500/MT. Feed corn average export price remained stable at $...
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.