World Grain - June 2015 - (Page 8)

FROM THE EDITOR-IN-CHIEF Flour output data points to eating trends A s useful as it may be to examine global trends in demand for wheat as food to measure how the grain-based food business is doing, hard numbers relating speFL¿FDOO\WRPLOOLQJSURYLGHDPRUHH[DFWLQJ basis for understanding the industry's status. Thus, when the International Grains Council (IGC) released its supply-demand foreFDVWVIRUWKHQH[W¿YH\HDUVWKURXJK SRLQWLQJWRWKHXSZDUGPRYHLQZKHDWIRRG use as slowing from the pace of the precedLQJ ¿YH \HDUV WKH GHVLUH WR NQRZ ZKHUH SRVLWLYH DQG QHJDWLYH FKDQJHV PLJKW RFFXU becomes urgent. The Council only points WR EURDGEUXVK JDLQV ODUJHO\ LQ GHYHORSLQJ nations of Asia and Africa "as wheat-based foods become more popular in place of traditional staples." Additional detail is centered on global per capita wheat demand, which WKH ,*& VD\V LV OLNHO\ WR KROG VWHDG\ DW  NLORJUDPV ZLWK DQ\ WRWDO H[SDQVLRQ GULYHQ by population. Such calculations are important in determining prospects for global wheat supplydemand. Yet, they fall short when it comes WR PDNLQJ GHFLVLRQV DERXW PDWWHUV OLNH LQYHVWLQJ LQ ÀRXU PLOOLQJ WR VDWLVI\ H[SDQGLQJPDUNHWV$PXFKFORVHUORRNLVUHTXLUHG Here, too, the IGC plays the essential role through its annual compilation of national ÀRXUSURGXFWLRQ &RPSLOLQJVXFKDOLVWLVQRVPDOOWDVNDQG WKH &RXQFLO¶V ZRUN KHUH LV UHFRJQL]HG DV EHLQJRIVSHFLDOYDOXH7KHODWWHULVRQO\GLminished by those countries that appear unZLOOLQJWRSURYLGHWKH,*&ZLWKQXPEHUVRQ milling output. The missing nations, mainly &KLQD ,QGLD $XVWUDOLD ,UDQ 3DNLVWDQ DQG Morocco, comprise a list of large milling FRXQWULHVDFWLQJDVLIÀRXURXWSXWQHHGVKLGing. That is particularly bothering when it is UHFRJQL]HG WKDW WKH WZR FRXQWULHV KHDGLQJ this list are largest in milling. 8 6RIDUDVUHYHDOLQJLPSRUWDQWGDWDDERXW PLOOLQJ RSHUDWLRQV LQ YDULRXV FRXQWULHV LV FRQFHUQHGWKHODWHVW,*&FRPSLODWLRQFRYHULQJ  VKRZV WKH ODUJHVW LQFUHDVHV LQ two countries that do not surprise - IndoQHVLDDQG(J\SW:LWKDQQXDOJDLQVRI DQGUHVSHFWLYHO\SURGXFWLRQLQWKHVH WZRDI¿UPVKRZRXWSXWLVVWULYLQJWRNHHS pace with expansion in demand for grainbased foods. No other nations in the anQXDOÀRXURXWSXWVKRZWZRGLJLWSHUFHQWDJH JDLQV EXW ZKHQ WKH LPSUHVVLYH H[SDQVLRQ LQ WKHVH FRXQWULHV LV SXW DVLGH WKH  XSturn for the United States stands out. That is particularly so when the two U.S. neighbors, Canada and Mexico, show small deFUHDVHVLQ $PHULFD¶V RXWSXW LQFUHDVH LV HYHQ PRUH VLJQL¿FDQW ZKHQ FRPSDUHG ZLWK WKH VWHHS falls registered by European nations. GerPDQRXWSXWIHOOFRQWUDVWLQJZLWKD increase registered by that nation in the peULRG EHJLQQLQJ ZLWK  )UDQFH ZDV RII  DFFHQWXDWLQJ D GLS RI QHDUO\  IURP the start of this century. United Kingdom SURGXFWLRQPDQDJHGWRKROGVWHDG\LQ EXWVKRZHGWKHVDPHGURSDV)UDQFHIURPWKH century's start. 7KHUHFHQWJOREDOOHDGHUVLQÀRXUH[SRUWLQJ 7XUNH\ DQG .D]DNKVWDQ SRVWHG TXLWH GLIIHUHQWÀRXUPLOOLQJUHVXOWV7XUNH\¶VÀRXU RXWSXW DFWXDOO\ GHFUHDVHG E\  IURP WKH SUHFHGLQJ \HDU DQG .D]DNKVWDQ VKRZHG D  JDLQ ,Q ORRNLQJ IRU D ZD\ WR PHDVXUH how a small country that used to be a part RIWKH)RUPHU6RYLHW8QLRQKDVPDQDJHGWR FRPSHWHIRUWKHOHDGLQJJOREDOUROHLQÀRXU H[SRUWLQJLWLVXQQHFHVVDU\WRORRNEH\RQG WKHH[SDQVLRQRILQ.D]DNKVWDQ¶VRXWSXWLQWKHSHULRGVLQFH Morton I. Sosland Editor-in-chief Chairman Publisher Sales Charles Sosland Dan Flavin Adam Ungashick EDITORIAL STAFF Editor-in-Chief Editor Managing Editor World-Grain.com Editor European Editor China Consultant Designer Morton I. Sosland Arvin Donley Meyer Sosland Susan Reidy Chris Lyddon Fengcheng Wang Brian Peterman PUBLISHING STAFF Vice-Chairman L. Joshua Sosland President and Publishing Director Mark Sabo Vice-President and Chief Financial Officer Melanie Hepperly Audience Development Director Don Keating Director of On-line Advertising and Promotions Carrie Fluegge Promotions Manager Lon Davis Director of e-Business Jon Hall Advertising Manager Advertising Coordinator Advertising Materials Coordinator Digital Systems Analyst Circulation Manager Nora Wages Chelsea Bulmer Debbie Maniez Marj Potts Whitney Forrester WORLD GRAIN (ISSN 0745-8991) Volume 33, issue 6, is published monthly by Sosland Publishing Co., 4801 Main Street, Suite 650, Kansas City, MO 64112 U.S. Periodicals postage paid at Kansas City, MO 64108 U.S. and additional mailing offices. Canada Post International Publications Mail (Canada Distribution) Sales Agreement Number 40612608. Send returns (Canada) to Pitney Bowes International, P.O. Box 25542, London, ON, N6C 6B2. Printed in the USA. POSTMASTER: Send address changes to WORLD GRAIN, PO Box 324, Congers, NY 10920-0324. © Sosland Publishing Co. All rights reserved. Reproduction of the whole or any part of the contents without written permission is prohibited. WORLD GRAIN assumes no responsibility for the validity of claims in items reported. Sosland Publishing Co. is a division of Sosland Companies. Inc. Editorial and advertising inquiries should be directed to our world headquarters at 4801 Main St., Suite 650, Kansas City, Missouri 64112 U.S. Tel: 1-816-756-1000, Fax: 1-816-756-0494 or E-mail worldgrain@sosland.com. Requests for reprints of articles should be sent to reprints@sosland.com or call 1-816-756-1000. June 2015 / World Grain / www.World-Grain.com http://www.World-Grain.com http://www.World-Grain.com

Table of Contents for the Digital Edition of World Grain - June 2015

World Grain - June 2015
Table of Contents
From the Editor-in-chief - Flour output data points to eating trends
Calendar of Events
News review - Ceremony marks opening of Whitewater Mill
ADM plans extensive improvements at Argentina port
Dangote Flour Mills hurts Tiger’s earnings
GrainCorp Oils increasing oilseed crushing capacity
Noble Agri appoints former ADM executive as CEO Jansen
Hovis names new CEO
Southern Africa nations facing food shortage
EBRD provides loan to Turkish edible oil producer
Gruma full steam ahead on European expansion
Oilseeds, grains push Wilmar earnings up 49%
GrainCorp earnings drop on smaller crop
ADM makes management appointments in key areas
ADM earnings surge on oilseed crush margins
Bunge returns to profit on soybean crushing
GrainCorp plans upgrades at 13 sites
Grain Market Review - Rice
Country Focus - Argentina
Technical Profile - Crustless pan bread favored in Argentina
Feature - Bridging a Gap
Feature - Chinese Reforms Creating Market Uncertainties
Feature - Investing in Food Security
Feature - Grain Storage and Handling Projects
Feature - IAOM Conference 2015
Feature - China, currency impacting markets
Feature - A new plan for Egypt
Feature - Team approach to marketing for Canadian grains
Canadian wheat customers share their experiences
Feature - IAOM MEA District Conference & Expo
Feature - Traders Utilizing Exchanges More than Ever
Supplier News
Product Showcase
World Grain Archive
Advertiser Index

World Grain - June 2015

http://digital.world-grain.com/sosland/wg/2019_11_01
http://digital.world-grain.com/sosland/wg/2019_10_01
http://digital.world-grain.com/sosland/wg/2019_09_01
http://digital.world-grain.com/sosland/wg/2019_08_01
http://digital.world-grain.com/sosland/wg/2019_07_01
http://digital.world-grain.com/sosland/wg/2019_06_01
http://digital.world-grain.com/sosland/wg/2019_05_01
http://digital.world-grain.com/sosland/wg/2019_04_01
http://digital.world-grain.com/sosland/wg/2019_03_01
http://digital.world-grain.com/sosland/wg/2019_02_01
http://digital.world-grain.com/sosland/wg/2019_01_01
http://digital.world-grain.com/sosland/wg/2018_12_01
http://digital.world-grain.com/sosland/wg/2018_11_01
http://digital.world-grain.com/sosland/wg/2018_10_01
http://digital.world-grain.com/sosland/wg/2018_09_01
http://digital.world-grain.com/sosland/wg/2018_08_01
http://digital.world-grain.com/sosland/wg/2018_07_01
http://digital.world-grain.com/sosland/wg/2018_06_01
http://digital.world-grain.com/sosland/wg/2018_05_01
http://digital.world-grain.com/sosland/wg/2018_04_01
http://digital.world-grain.com/sosland/wg/2018_03_01
http://www.nxtbook.com/sosland/wg/2018_02_01
http://www.nxtbook.com/sosland/wg/2018_01_01
http://www.nxtbook.com/sosland/wg/2017_12_01
http://www.nxtbook.com/sosland/wg/2017_11_01
http://www.nxtbook.com/sosland/wg/2017_10_01
http://www.nxtbook.com/sosland/wg/2017_09_01
http://www.nxtbook.com/sosland/wg/2017_08_01
http://www.nxtbook.com/sosland/wg/2017_07_01
http://www.nxtbook.com/sosland/wg/2017_06_01
http://www.nxtbook.com/sosland/wg/2017_05_01
http://www.nxtbook.com/sosland/wg/2017_04_01
http://www.nxtbook.com/sosland/wg/2017_03_01
http://www.nxtbook.com/sosland/wg/2017_02_01
http://www.nxtbook.com/sosland/wg/2017_01_01
http://www.nxtbook.com/sosland/wg/2016_12_01
http://www.nxtbook.com/sosland/wg/2016_11_01
http://www.nxtbook.com/sosland/wg/2016_10_01
http://www.nxtbook.com/sosland/wg/2016_09_01
http://www.nxtbook.com/sosland/wg/2016_08_01
http://www.nxtbook.com/sosland/wg/2016_07_01
http://www.nxtbook.com/sosland/wg/2016_06_01
http://www.nxtbook.com/sosland/wg/2016_05_01
http://www.nxtbook.com/sosland/wg/2016_04_01
http://www.nxtbook.com/sosland/wg/2016_03_01
http://www.nxtbook.com/sosland/wg/2016_02_01
http://www.nxtbook.com/sosland/wg/2016_01_01
http://www.nxtbook.com/sosland/wg/2015_12_01
http://www.nxtbook.com/sosland/wg/2015_11_01
http://www.nxtbook.com/sosland/wg/2015_10_01
http://digital.world-grain.com/sosland/wg/2015_09_01
http://digital.world-grain.com/sosland/wg/2015_08_01
http://digital.world-grain.com/sosland/wg/2015_07_01
http://digital.world-grain.com/sosland/wg/2015_06_01
http://digital.world-grain.com/sosland/wg/2015_05_01
http://www.nxtbook.com/sosland/wg/2015_04_01
http://www.nxtbook.com/sosland/wg/2015_03_01
http://www.nxtbook.com/sosland/wg/2015_02_01
http://digital.world-grain.com/sosland/wg/2015_01_01
http://www.nxtbook.com/sosland/wg/2014_12_01
http://www.nxtbook.com/sosland/wg/2014_11_01
http://www.nxtbook.com/sosland/wg/2014_10_01
http://www.nxtbook.com/sosland/wg/2014_09_01
http://www.nxtbook.com/sosland/wg/2014_08_01
http://www.nxtbook.com/sosland/wg/2014_07_01
http://www.nxtbook.com/sosland/wg/2014_06_01
http://www.nxtbook.com/sosland/wg/2014_05_01
http://www.nxtbook.com/sosland/wg/2014_04_01
http://www.nxtbook.com/sosland/wg/2014_03_01
http://www.nxtbook.com/sosland/wg/2014_02_01
http://www.nxtbook.com/sosland/wg/2014_01_01
http://www.nxtbook.com/sosland/wg/2013_12_01
http://www.nxtbook.com/sosland/wg/2013_11_01
http://www.nxtbook.com/sosland/wg/2013_10_01
http://www.nxtbook.com/sosland/wg/2013_09_01
http://www.nxtbook.com/sosland/wg/2013_08_01
http://www.nxtbook.com/sosland/wg/2013_07_01
http://www.nxtbook.com/sosland/wg/2013_06_01
http://www.nxtbook.com/sosland/wg/2013_05_01
http://www.nxtbook.com/sosland/wg/2013_04_01
http://www.nxtbook.com/sosland/wg/2013_03_01
http://www.nxtbook.com/sosland/wg/2013_02_01
http://www.nxtbook.com/sosland/wg/2013_01_01
http://www.nxtbook.com/sosland/wg/2012_12_01
http://www.nxtbook.com/sosland/wg/2012_11_01
http://www.nxtbook.com/sosland/wg/2012_10_01
http://www.nxtbook.com/sosland/wg/2012_09_01
http://www.nxtbook.com/sosland/wg/2012_08_01
http://www.nxtbook.com/sosland/wg/2012_07_01
http://www.nxtbook.com/sosland/wg/2012_06_01
http://www.nxtbook.com/sosland/wg/2012_05_01
http://www.nxtbook.com/sosland/wg/2012_04_01
http://www.nxtbook.com/sosland/wg/2012_03_01
http://www.nxtbook.com/sosland/wg/2012_02_01
http://www.nxtbook.com/sosland/wg/2012_01_01
http://www.nxtbook.com/sosland/wg/2011_12_01
http://www.nxtbook.com/sosland/wg/2011_11_01
http://www.nxtbook.com/sosland/wg/2011_10_01
http://www.nxtbook.com/sosland/wg/20111_09_01
http://www.nxtbook.com/sosland/wg/2011_08_01
http://www.nxtbook.com/sosland/wg/2011_07_01
http://www.nxtbook.com/sosland/wg/2011_06_01
http://www.nxtbook.com/sosland/wg/2011_05_01
http://www.nxtbook.com/sosland/wg/2011_04_01
http://www.nxtbook.com/sosland/wg/2011_03_01
http://digital.world-grain.com/sosland/wg/2011_02_01
http://digital.world-grain.com/sosland/wg/2011_02_01
http://digital.world-grain.com/sosland/wg/2011_01_01
http://digital.world-grain.com/sosland/wg/2010_12_01
http://digital.world-grain.com/sosland/wg/2010_11_01
http://digital.world-grain.com/sosland/wg/2010_10_01
http://digital.world-grain.com/sosland/wg/2010_09_01
http://digital.world-grain.com/sosland/wg/2010_08_01
http://digital.world-grain.com/sosland/wg/2010_07_01
http://digital.world-grain.com/sosland/wg/2010_06_01
http://digital.world-grain.com/sosland/wg/2010_05_01
http://digital.world-grain.com/sosland/wg/2010_04_01
http://digital.world-grain.com/sosland/wg/2010_03_01
http://digital.world-grain.com/sosland/wg/2010_02_01
http://digital.world-grain.com/sosland/wg/2010_01_01
http://digital.world-grain.com/sosland/wg/2009_12_01
http://digital.world-grain.com/sosland/wg/2009_11_01
http://digital.world-grain.com/sosland/wg/2009_10_01
http://digital.world-grain.com/sosland/wg/2009_09_01
http://digital.world-grain.com/sosland/wg/2009_08_01
http://digital.world-grain.com/sosland/wg/2009_07_01
http://digital.world-grain.com/sosland/wg/2009_06_01
http://digital.world-grain.com/sosland/wg/2009_05_01
http://digital.world-grain.com/sosland/wg/2009_04_01
http://digital.world-grain.com/sosland/wg/2009_03_01
http://digital.world-grain.com/sosland/wg/2009_02_01
http://digital.world-grain.com/sosland/wg/2009_01_01
http://digital.world-grain.com/sosland/wg/2008_12_01
http://digital.world-grain.com/sosland/wg/2008_11_01
http://digital.world-grain.com/sosland/wg/2008_10_01
http://digital.world-grain.com/sosland/wg/2008_09_01
http://digital.world-grain.com/sosland/wg/2008_08_01
http://digital.world-grain.com/sosland/wg/2008_07_01
http://digital.world-grain.com/sosland/wg/2008_06_01
http://digital.world-grain.com/sosland/wg/2008_05_01
http://digital.world-grain.com/sosland/wg/2008_04_01
http://digital.world-grain.com/sosland/wg/2008_03_01
http://digital.world-grain.com/sosland/wg/2008_02_01
http://digital.world-grain.com/sosland/wg/2008_01_01
http://digital.world-grain.com/sosland/wg/2007_12_01
http://digital.world-grain.com/sosland/wg/2007_11_01
http://digital.world-grain.com/sosland/wg/2007_10_01
http://digital.world-grain.com/sosland/wg/2007_09_01
http://digital.world-grain.com/sosland/wg/2007_08_01
http://digital.world-grain.com/sosland/wg/2007_07_01
http://digital.world-grain.com/sosland/wg/2007_06_01
http://digital.world-grain.com/sosland/wg/2007_05_01
http://digital.world-grain.com/sosland/wg/2007_04_01
http://digital.world-grain.com/sosland/wg/2007_03_01
http://digital.world-grain.com/sosland/wg/2007_02_01
http://digital.world-grain.com/sosland/wg/2007_01_01
http://digital.world-grain.com/sosland/wg/2006_12_01
http://digital.world-grain.com/sosland/wg/2006_11_01
http://digital.world-grain.com/sosland/wg/2006_10_01
http://digital.world-grain.com/sosland/wg/2006_09_01
http://digital.world-grain.com/sosland/wg/2006_08_01
http://digital.world-grain.com/sosland/wg/2006_07_01
http://digital.world-grain.com/sosland/wg/2006_06_01
http://digital.world-grain.com/sosland/wg/2006_05_01
http://digital.world-grain.com/sosland/wg/2006_04_01
http://digital.world-grain.com/sosland/wg/2006_03_01
http://digital.world-grain.com/sosland/wg/2006_02_01
http://digital.world-grain.com/sosland/wg/2006_01_01
http://digital.world-grain.com/sosland/wg/2005_12_01
http://digital.world-grain.com/sosland/wg/2005_11_01
http://digital.world-grain.com/sosland/wg/2005_10_01
http://digital.world-grain.com/sosland/wg/2005_09_01
http://digital.world-grain.com/sosland/wg/2005_08_01
http://digital.world-grain.com/sosland/wg/2005_07_01
http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
http://www.nxtbookMEDIA.com