Russian Grain and Oilseed Markets: 1–5 May 2023 Russia’s grain markets remain bearish. Russia is struggling with low prices for grains for domestic farmers and is not receiving sufficient revenue through export duties. Moreover, 1–9 May was a holiday season in Russia making it is very difficult to do business. Weather conditions in some areas of Russia are abnormal from frost to drought but recent rains in the south, Black Soil, and Volga Valley keep the overall forecasts for the 2023 grain crop positive. The factors which impact prices in Russia’s Black Sea area are still the same: export duties, RUB exchange rate, stocks which, especially for wheat, are record high, and Russia’s rhetoric around the UN...
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.