World Grain - November 2014 - 15

newsreview
World ministers discuss role of commodity markets
ROME, ITALY - Governments ought to review the way international agricultural commodity markets are governed, United Nation's
Food and Agriculture Organization (FAO) Director-General José
Graziano da Silva told ministers from around the world gathered for
a meeting on the subject on Oct. 6.
Commodity markets caught global attention due to volatile food
prices in the past five years. While prices are currently declining,
Graziano da Silva noted that underlying issues lurk in market institutions largely forged in the 1970s. Enormous changes since then, in
production and distribution fronts, "have had far-reaching implications not only for how international commodity markets work but
also for food security, property rights and access to productive resources, and the position of smallholder commodity producers," he
said in opening remarks at FAO's third ministerial meeting on international agricultural commodity market governance.
FAO has piloted the idea of creating inclusive "multi-stakeholder fora" involving all stakeholders in a particular commodity
market: government, private sector producers and traders, con-

sumers and non-governmental organizations. It also hosts AMIS,
the Agricultural Market Information System, an early-warning
monitoring service that allows for coordinated response in times
of stress, such as the 2012 droughts in North America and the
Black Sea region.
"We need more," Graziano da Silva said.
Lassaad Lachaal, Minister for Agriculture of Tunisia and chairperson of the ministerial meeting, said there were "deficiencies" today
in amassing reliable, up-to-date information on commodity stock
levels and trends and that a stronger institutional scheme to promote
policy coordination is needed.
"Governance-related issues are gaining increasing attention, especially in light of the post-2015 Development Agenda," he said.
Ministers in attendance included those from Burkina Faso, Central African Republic, Georgia, Haiti, Lebanon, Malawi, Mauritania,
Portugal, South Africa, Sudan, Tonga, Ukraine, United Republic of
Tanzania and Zambia. Other countries sent vice-ministers or senior
officials, including Italy, Japan, the U.K. and the U.S.

CWB plans Manitoba grain elevator
WINNIPEG, MANITOBA, CANADA - CWB announced on Oct.
3 the construction of its fourth state-of-the-art grain elevator located
near St. Adolphe, Manitoba, Canada. Situated a half mile south of
Glenlea off Highway 75, CWB's newest elevator will feature 34,000
tonnes of storage and is scheduled to open in early 2016.
"The Red River Valley includes some of the most fertile, high-producing lands on the Prairies," said CWB President and Chief Executive Officer Ian White. "CWB is looking forward to putting down roots
in the community with another modern, efficient and easily accessible
elevator. We are excited to bring our world-class customer service and
international brand to the area, while at the same time providing more
choice to farmers."
The geotechnical survey for the elevator is complete and construction is scheduled to begin in mid-October. The facility will feature a
134-car loop track, loading rate of up to 1,600 tonnes per hour and

cleaning facilities. The elevator will have access to CN and BNSF
Railway, providing CWB with rail access to its Thunder Bay terminal as well as to western ports and U.S. and Mexican destinations.
"CWB's rapidly growing network of grain-handling facilities continues to attract considerable interest by farmers, potential investors
and the public," said White. "As we continue to build a strong and integrated position in the grain handling supply chain, we create a stronger value proposition for farmers that choose CWB as their marketing
partner - a partnership that includes an opportunity for an ongoing
farmer ownership stake in CWB through our Farmer Equity Plan."
CWB launched the Farmer Equity Plan in 2013, which provides
that farmers who deliver grain against CWB contracts will receive
an equity interest in the company after privatization. It is the only
opportunity for farmers to gain an ownership stake in a Canadianfocused grain company.

Cargill Animal Nutrition names feed president
MINNEAPOLIS, MINNESOTA, U.S. - Cargill announced on
Oct. 6 that Sarena Lin has been named president of the company's
global compound feed business unit. Lin was formerly corporate
vice-president and head of strategy and business development
at Cargill.
Lin replaces Joe Stone, who served as president of the compound feed business unit for the last six years and was promoted to become a leader of the Cargill Animal Nutrition platform,
which is made up of the company's compound feed business unit,
now led by Lin, and premix business unit, led by David Webster.
"Sarena is the ideal candidate to lead our compound feed business given her global background and multi-cultural perspective,
her experience in high-growth and emerging-market environments, and her proven abilities in mergers and acquisitions, strategy and execution," said Stone. "She has demonstrated strong
values as a Cargill leader, a commitment to talent development
and passion to identify and develop critical capabilities. These
strengths are exactly what we need to accelerate and achieve our
ambitious growth strategy. Sarena and David will continue to
www.World-Grain.com / World Grain / November 2014

partner on strengthening Cargill's animal nutrition offerings and leveraging the synergies
between the two business units."
Lin joined Cargill in 2011 and has since
been an effective leader at the enterprise level, helping to drive Cargill's strategic agenda
across business units and the company's business development and M&A activity. She
came to Cargill after 13 years at McKinsey
Lin
& Company where she was most recently a
principal specializing in mergers and acquisitions. She was also
co-leader of McKinsey's China Sourcing Center and managing
partner of the Taipei Office. Earlier in her career, she worked as a
sales representative at Proctor & Gamble.
"I am honored to have the opportunity to lead this growing,
global business unit," said Lin. "I look forward to working with
this talented team as we capitalize on future business opportunities. I am truly excited to be a part of Cargill Animal Nutrition's
exciting future."
15

http://www.World-Grain.com

World Grain - November 2014

Table of Contents for the Digital Edition of World Grain - November 2014