World Grain - March 2011 - (Page 26)

FEATURE Flooding takes toll on Australian grain industry T he devastating flooding suffered by the Australian states of Victoria, Queensland and New South Wales in recent months constituted, in economic terms, the country’s worst ever natural disaster with rebuilding expected to cost over A$20 billion, or the equivalent of 1.5% of gross domestic product, according to government ministers. Many farms and mills and supporting road and rail networks suffered damage from rain and floodwater, and large swathes of Brisbane, Australia’s third largest city, were swamped. The crisis was prompted by a prolonged period of heavy rains on the eastern seaboard which analysts attributed to a low pressure La Nina event in the Pacific Ocean. Australia suffered its wettest July-December on record, despite the persistence of drought in parts of Western Australia. The implications for the grain and milling industries are likely to be two-fold. First, in the short term, there is transport chaos and diminished returns from eastern Australia. Secondly, there is the potential in the next planting season — barring any further “100-year” weather events — for record production of grains fueled by high soil moisture levels and well stocked dams. Farmlands are flooded in South East Queensland on Jan. 12. Deadly floodwaters flowed on to the streets in Australia’s northeastern state of Queensland since drenching rains that began in November sent swollen rivers spilling over their banks, inundating an area larger than France and Germany combined. Photo by the Associated Press. 26 by Michael King Damage to crops and transportation networks among the problems hampering farms, storage facilities and mills GRAIN OUTPUT NOT AS BAD AS FIRST THOUGHT On Feb. 15, the Australian Bureau of Agricultural Resource Economics (ABARE) estimated that the 2010-11 national winter grains crop would reach 42.1 million tonnes. ABARE Deputy Executive Director 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-milMarch 2011 / World Grain /

Table of Contents for the Digital Edition of World Grain - March 2011

World Grain - March 2011
from the editor-in-chief - Arab revolution of great importance for wheat
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
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
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

World Grain - March 2011