VIENNA, AUSTRIA — The AGRANA Group announced on May 8 that Walter Grausam, chief financial officer (CFO), will be leaving the management board of the AGRANA Group and retiring upon the expiration of his current contract on Dec. 31.
Walter Grausam has been the CFO of the AGRANA Group since 1995 and is stepping down at the end of the year at his own request and in accordance with his personal planning.
The supervisory board of AGRANA also appointed Stephan Büttner as a member of the management board effective Nov. 1. Effective Jan. 1, 2015, Büttner will be the board member responsible for the areas of finance, controlling, treasury, data processing/organization, mergers & acquisitions, legal affairs as well as for the fruit segment.
After graduating in commercial sciences from the Vienna University of Economics and Business, Büttner, initially worked in positions at companies including KPMG AUSTRIA GmbH and EULOX LOGISTICS GmbH.
After joining Raiffeisen Ware Austria AG in 2001 Stephan Büttner was chief executive officer (CEO) at its subsidiary Ybbstaler Fruit Austria GmbH as of 2004. He has been working for the AGRANA Group since 2012. As CEO of AUSTRIA JUICE GmbH, a joint venture of AGRANA Beteiligungs-AG and Raiffeisen Ware Austria-AG, Stephan Büttner successfully managed the merger of AGRANA Juice GmbH and Ybbstaler Fruit Austria GmbH.
Since Russia’s invasion of Ukraine in February, the world’s wheat supply has been thrown into question, with poorer nations facing scarcity and a potential food crisis, according to the United Nations.
Following are countries among the world’s least developed that are the most dependent on Russia and Ukraine for their annual wheat supply (2020), according to the UN Conference on Trade and Development. Nations in Africa import 44% of their wheat from Russia and Ukraine, according to the UN.
In marketing year 2022-23, the world is projected by the US Department of Agriculture (USDA) to produce 779.03 million tonnes of wheat and provide 204.89 million tonnes for export.
These are the eight major wheat importing nations/regions as listed in the monthly USDA World Agricultural Supply and Demand Estimates (WASDE) report and their annual tonnes with production.
Russia’s invasion of Ukraine in February and the persistent La Niña climate phenomenon have combined to create some of the most volatile market conditions in recent memory, sending prices skyrocketing as nations that depend on wheat to feed their populations scramble to secure supplies.
Each month, the WASDE releases new projections to reflect the most recent global market and production conditions, and this slideshow will be updated with those changes.