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 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 Requests for reprints of articles should be sent to or call 1-816-756-1000. June 2015 / World Grain /

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