Regional News Once again, the biggest driver of market activity in the Black Sea and European markets is the impact of Russia’s various export tariff rate quotas (TRQs). Last week, the Russian government confirmed that wheat export from 15 February - 30 June would face a €25/MT tariff on exports under 17.5 MMT and the greater of €100/MT or 50 percent of the export value. Subsequently, Russia announced export restrictions on sunflower seeds and oil and, on Saturday, said it was considering export tariffs for soybeans and scrap metal. The Russian subcommittee on customs, tariff and non-tariff regulations proposed an export tariff of 30 percent but not less than €165/MT starting 1 February 2021. The duty woul...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.