World Grain - July 2012 - 17

newsreview
FEFAC releases E.U. compound feed numbers
BRUSSELS, BELGIUM — In the wake of the 55th European Feed Manufacturers’ Federation (FEFAC) Annual General Meeting on June 15 in Brussels, FEFAC members provided ﬁnal estimates for the compound feed production for the E.U. in 2011. The total production estimate is now set at 151 million tonnes, which represents a 0.3% reduction from the 2010 ﬁgure. Cattle and pig feed saw production fall, respectively, by -2.1% and -0.6%, whereas poultry feed increased by 1.1%, thereby conﬁrming its position of leading segment of compound feed slightly above pig feed. FEFAC noted that the most important factors that weighed on the E.U. feed demand in 2011 were the still fragile economic situation of the pig sector and the high feed material costs. As for ruminants, the severe drought on the ﬁrst months led to a lower forage harvest during the spring cut, but this was offset by the good autumnal weather conditions that favored grass growth. E.U. member countries recorded very heterogeneous performances, with some experiencing dramatic falls of their compound feed production such as Czech Republic (-14%) or Denmark (-6.6%), whereas several countries such as Germany, Poland and, to a lesser extent, Italy, managed to buck the general market trend with positive growth around 3%, supported by a surprisingly quick recovery of pig farming activity. FEFAC said the high cereal prices over the last two years contributed to improve the competitive market position of industrial compound feed production versus home mixing. However, this gain was offset to a certain extent by the development of alternative pig feeding strategies based on roughly grinded feed and liquid feeding. As a result, Germany’s position as the leading E.U. country in terms of total compound feed production before France was strengthened, with Spain ranking third.

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Corn Products officially becomes Ingredion
WESTCHESTER, ILLINOIS, U.S. — On June 4, Ingredion Incorporated became the ofﬁcial name of the multi-national company formally known as Corn Products International, Inc. “Today marks a key milestone in our evolution. Our new name, Ingredion, better reﬂects our global presence and focus on ingredient solutions. Going forward, we will continue to build on our strong legacies of partnering with our customers, employees, vendors and communities, which we believe is the foundation of shareholder value,” said Ilene Gordon, chairman, president and chief executive ofﬁcer. The company plans a phased roll out of the new name, starting in the U.S.

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Correction
In the Country Focus article on the United Kingdom in the June 2012 issue of World Grain, the incorrect plant capacity was listed for the Ensus ethanol facility. The capacity at the plant is more than 400 million liters per year. World Grain regrets the error.
www.World-Grain.com / World Grain / July 2012

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World Grain - July 2012

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