Russia has exported 22.7 MMT of grains as of 28 January and from the beginning of MY 2014/15, 31 percent more than during the same period in MY 2013/14. This growth may be attributable to an increase in shipments prior to enactment of the new wheat export tax on 1 February. Russian Grain Markets Market Trends: 26-30 January 2015 During the week in review, wheat prices moved in different directions as prices for other grain crops increased (in RUB expression). On 1 February, the export duty for wheat went into effect. GEOGRAPHICALLY: 3rd grade soft milling wheat prices increased in Central and Black Soil (+$0.70-1.20/MT), Volga Valley (+$3.20/MT), and Ural and Siberia (+$8.20-9/MT). However, they continued to decrease in the South (-$2/...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.