Regional Updates It might be a good idea for all people in the grain business, with an eye to COVID-19, to read section 21 of GAFTA contract #27: “Prevention of Shipment”. This section, which is included in most GAFTA contracts, helps to clarify buyer/seller situation in the case of the “prohibition of shipment” or “force majeure”. Details of the contracts can be found on GAFTA’s website: www.gafta.com. MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Iraq’s Trade Ministry is said to be looking for additional funding to help build strategic supplies of wheat and rice in the country. Larger grain supplies are needed due to the increase in demand related to COVID-19. Budgeting by the government ha...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.