Regional Updates Russia’s Ag Ministry approved an export quota of 7 MMT for all grains through June 2020. The move is to “help ensure stability” of domestic grain and grain-product markets. The move comes amid coronavirus panic buying in international wheat markets and also after Russian flour millers complained that wheat prices, due to a strong export pace, were high enough to create large, negative milling margins. In a similar move, Russia has suspended the export of sunseed and soybean exports through the end of June 2020 to help stabilize prices and domestic markets for these products. Russia has also announced it would start to sell some of its state wheat reserves in response to surging flour prices...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
Regional News European grocery stores have been targeted by cybersecurity attacks this week, with major retailers in France and the Netherlands affected. In France, major grocers, including Carrefour, Intermarché, and Coopérative U, all suffered attacks in which freezer and...
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.