World Grain - January 2005 - 13

newsreview
Bunge sets 10-year exclusive pact
with Vietnam's Phu My port
BA RIA VUNG TAU, VIETNAM - Bunge
Agribusiness Singapore Pte. Ltd., Bunge
Ltd.'s primary operating subsidiary in Asia,
has announced a 10-year exclusive throughput agreement with Phu My Port in Vietnam.
The agreement between Bunge Agribusiness Singapore and Baria Serece Joint
Venture Company, operator of Phu My Port,
commits Bunge to use the port to supply
its customers in Vietnam. It also provides
Bunge exclusive access to the facility for

Information Exchange Ofﬁce to facilitate this
process in new member states.
Farm animals in the E.U. consume an
estimated 450 million tonnes of feed a year,
of which 140 million are produced by com-

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shipments of agricultural commodities. The
two parties have also agreed to partner on
future logistics improvements at the port.
"Vietnam is the fastest growing market
for the domestic use of soybean meal and
corn (maize) in ASEAN, and is among the
fastest growing in the world," said Christopher White, Bunge regional general manager
- Asia. "Bunge's partnership with Baria Serece will enable us to be the leading supplier
to this promising market.
"In the last ﬁve years, commercial feed
production in Vietnam has grown at over
10% per year, and annual per capita growth
in meat consumption has exceeded 7%. We
believe that this growth will continue or even
accelerate due to continued increases in population and per capita income," White said.

pound feed manufacturers. Turnover of the
European compound feed industry is estimated at €35 billion (U.S.$47.1 billion).
The EFMC can be downloaded from
FEFAC's website www.fefac.org.

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FEFAC approves new E.U. feed
regulations
BRUSSELS, BELGIUM - FEFAC, the European compound feed manufacturers' federation, says it is pleased with new E.U. feed
hygiene regulations adopted at the December
2004 E.U. Farm Council meeting.
The regulations, which govern production of safe feedstuffs, were approved by the
European Parliament in April and will take
effect January 1, 2006.
Martin Tielen, FEFAC president, said
the European feed industry had anticipated
proactively the new legal requirements by
adopting its European Feed Manufacturers
Code (EFMC). The EFMC will be incorporated into all existing or new national codes
for compound feed manufacturing.
FEFAC is conducting a series of Feed-HACCP training workshops with the support of the
European Commission's Technical Assistance

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World Grain - January 2005

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