World Grain - March 2011 - (Page 10)

newsreview News review Brought to you by World-Grain.com Australia’s winter crop estimated to increase 19% MELBOURNE, AUSTRALIA — The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released on Feb. 15 its latest Australian crop report, which estimates that the 2010-11 national winter crop will reach 42.1 million tonnes. Deputy Executive Director of ABARES Paul Morris said this represents a 19% increase on the 2009-10 crop and is the largest harvest since 2003-04. “Virtually the entire winter crop has now been harvested, and we are in a better position to weigh up the impacts of what has been an extremely variable season in terms of weather conditions,” Morris said. Overall, the winter crop is estimated to be around 1.1 million tonnes lower than forecast in December. Production in Western Australia is expected to be 1.4 million tonnes higher than earlier forecast, but this is more than offset by a 2.5-million-tonne lowering of the forecast for the eastern states, largely due to heavy rains and flooding in December and January. Morris said heavy rains and flooding had caused significant hardship for some individuals and businesses who experienced substantial crop losses and damage to their properties. However, from a national perspective, there had been strong growth in winter cereal production as compared to recent droughtaffected years. Of the major winter crops, wheat production is estimated to have increased by 20% to around 26.3 million tonnes, barley production by 18% to 9.3 million tonnes and canola by 11% to around 2.1 million tonnes, compared to the 2009-10 season. With China crop in trouble, wheat surges upward ROME, ITALY — Wheat futures prices have climbed to near 30-month highs in recent weeks over concerns about crop issues in Australia and Canada, as well as the 2011 hard winter crop in the United States. Now, a special alert from the Food and Agriculture Organization (FAO) of the United Nations warns the 2011 winter wheat crop in China may be in trouble. Wheat futures prices climbed sharply higher as a result. “Substantially below-normal rainfall since October 2010 in the North China Plain, the country’s main winter wheat-producing area, puts at risk the winter wheat crop to be harvested later in the month of June,” the FAO said. “Low precipitation resulting in diminished snow cover has reduced the protection of dormant wheat plants against frost kill temperatures (usually below -18 degrees C, or 0 degrees F) during winter months from December to February. Low precipitation and thin snow cover have also jeopardized the soil moisture availability for the post-dormant growing period. Thus, the ongoing drought is potentially a serious problem.” The FAO said the main provinces affected by the weather were Shandong, Jiangsu, Henan, Hebei and Shanxi, accounting for twothirds of the country’s wheat production. However, a Chinese foreign ministry spokesperson said on Feb. 15 that the winter drought in the nation’s wheat growing areas will not impact global food prices, because China has enough reserves. Ministry Spokesman Ma Zhaoxu was quoted as saying the situation “will not affect international food prices,” and that the nation has abundant grain reserves to meet domestic demand. “The recent drought may have some impact on winter wheat production but the authorities are taking active measures to minimize the impact,” Ma said. Official Chinese figures say the drought has so far affected more than 19 million acres of winter wheat in provinces that account for 42.4% of the total output in those regions. The FAO alert provided a jolt to an already hypersensitive wheat futures market. If China were to become a significant wheat importer once again, wheat prices likely would spike. At the same time, China will enter the 2011-12 crop year with carryover stocks forecast by the U.S. Department of Agriculture to be around 60 million tonnes, equating to around six months’ domestic usage, before a single tonne is harvested from the 2011 crop, pointed out Paul Meyers, vice-president, commodity analysis, Connell Purchasing Services, Berkeley Heights, New Jersey, U.S. It likely would take a significant, even dramatic shortfall in production for China to turn to international markets for wheat in any big way, making the current situation worth watching but in itself not yet a major market mover. China’s wheat production in 2009 was 112.5 million tonnes (4.1 billion bushels. India is the second-largest producer at 78.6 million tonnes (2.9 billion bushels). Port of Novorossiysk grain volumes decline 36.5% NOVOROSSIYSK, RUSSIA — The Novorossiysk Commercial Sea Port Group (NCSP) on Jan. 31 announced a decline in overall 2010 group cargo turnover of 5.6% to 81,602,800 tonnes from 86,519,400 tonnes in 2009. The Russian government’s imposition of a grain export ban in August 2010 contributed to the port’s annual grain volumes declining by 36.5%, or 3,315,200 tonnes, from 2009. NCSP’s 2010 grain volumes declined 10 to 5,759,500 tonnes from the 2009 volume of 9,074,700 tonnes. “The year-end results came out quite expectable and well-balanced, which highlights the importance of further investments in cargo and geographical diversification to maintain a strong base for future growth, while this year’s breakthrough in the container segment is the best argument in favor of our investment priorities,” NCSP Chief Executive Igor Vilinov said. March 2011 / 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 - March 2011

World Grain - March 2011
Contents
from the editor-in-chief - Arab revolution of great importance for wheat
CALENDAR OF EVENTS
Australia’s winter crop estimated to increase 19%
With China crop in trouble, wheat surges upward
Port of Novorossiysk grain volumes decline 36.5%
FEFAC welcomes E.U. decision on GMO
Cargill to build new corn processing plant
Joint venture to build new canola crush plant in Canada
CWB purchases lake vessels for grain
E.U. compound feed production increases in 2010
U.S. fl our production in 2010 gains 0.4%
Industry responds to corn amylase approval
Scoular purchases ethanol plant, shuttle facility
Income from operations, sales soar at MGPI
Grain, ethanol boost The Andersons, Inc. to record results
Bunge’s net income rises on strong agribusiness performance
GRAIN MARKET REVIEW - Oilseeds
COUNTRY FOCUS - Focus on the Philippines
Key Facts
Flooding takes toll on Australian grain industry
Single desk survives — for now
What's next for Russia?
A New Vision
Unrest in Egypt
New look for Victam International 2011
Attendance surges at IPE/IFE
Deep in the heart of Texas
Schedule at a glance
Nominations solicited for Milling Operative of the Year
IAOM Conference & Expo - 2011 exhibitor booths
IAOM PRODUCT SHOWCASE
FEED OPERATIONS - Energy savings
Proactive path to PEST MANAGEMENT
Seeking to add customer value
Buhler Technology Group has successful 2010
Stern-Wywiol Gruppe receives prestigious business awards
Perten to supply Turkish Grain Board with Inframatic analyzers
GSI Group launches new customer-centric website
Ocrim supplies Libyan mill
Cargotec to acquire terminal operator systems provider
Eurofi ns appoints new chief scientifi c offi cer
4B Braime opens new subsidiary in Australia
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