Regional News U.S. Bank JPMorgan Chase secured a license from the U.S. Office of Foreign Assets Control (OFAC) to process payments from Russian bank Rosselkhozbanka for the export of agricultural products. Through 27 April, 1.368 Mha have been sown to spring cereals in Ukraine, including 206,100 ha of wheat; 639,000 ha of barley; and 252,700 ha of corn. Sunseed sowings have been completed across 460,200 ha. Russia’s 1 April 2023 grain stocks totaled 18.055 MMT including 12.88 MMT of wheat stocks. The government of Moldova announced it will sell 21,083 MT of wheat from its state reserves with the intention to replenish the stockpiles with grain from the 2023/24 crop. The EU Commission agreed to introd...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.