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...
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...
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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.