It is noted that rice imports by Nigeria are declining, with increased border protections and larger domestic production to blame. However, the same dynamic is occurring in other major rice markets such as the Philippines, China, Saudi Arabia, and Cote d’Ivoire. Global rice trade hit its peak in 2017 and since has shrunk by 10 percent. By contrast, consumption over the same period has grown by 2.7 percent, the difference accounted for by increased domestic production. The global average tariff on rice has typically been higher than some other commodities, though skewed by a handful of countries with outsized protections. Increased rice production by large consuming countries like India and Bangladesh help to drive the change.&n...
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.