World Perspectives
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No Rice Shortage

Food scarcity has been a frequent headline this year but with food inflation now dropping along with commodity prices, rice is an example of the scare that wasn’t. The monsoon was late starting in India, leading concerns that the world’s largest rice exporter would be driving up prices by 10 percent. Weather has now returned to normal, and the September rice contract has shed 3.5 percent in value over the past few weeks.  USDA forecasts global rice production to rise a modest 0.37 percent, but global rice exports will increase by 1.8 percent. Rice is a more water intensive crop than most and could be the most impacted by climate change. This should turn the research focus on genetics with less intensive water requirements...

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softs

Perceived Rice Shortage

Rice prices have begun to normalize after spiking recently due to India fearing a shortage and imposing export restrictions. This sparked panic buying and resulted in higher prices. The price of rice early this year was around $602/MT, substantially higher than the historical average of $381/MT...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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