Regional News Russian Deputy Prime Minister Alexei Gordeyev remarked on Saturday that the world’s leading grain exporters should consider forming an OPEC-like cartel. The idea is not new, as Gordeyev previously lobbied for such an organization during his 10-year tenure as agriculture minister that ended in 2009. His early ideas were the Black Sea producers (Russia, Ukraine, and Kazakhstan) would compose the cartel, but the latest idea seems to include the EU, the United States, Canada, Argentina, and others. A large grain and oilseed farm in Romania, Agricost, owned by the UAE’s Al Dahra group, has received a EUR 28.8 million loan from Romania’s EximBank. The state-controlled bank lent the money to Agricost i...
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.