World Grain - March 2011 - (Page 38)

FEATURE What’s next for O n Aug. 15, 2010, Russian President Vladimir Putin issued a decree halting all Russian wheat exports effective immediately. Export contracts for millions of tonnes of grain were suddenly canceled and world wheat prices quickly jumped by $100 per tonne as millers, traders and government importers all desperately strived to cover their shortfalls. There were widespread fears of a repeat of the food price spikes of 2008 which provoked demonstrations and riots in 61 countries. To justify its actions, the Russian government called the devastation of the country’s grain crop by the worst drought in 130 years, and attendant wildfires, a force majeure situation threatening national food security. As it became apparent that the damage would extend to the coming year’s plantings, the ban was extended to July 1, 2011. Ukraine imposed similar restrictions. Given the continued tense grain balance, a further extension to the fall of 2011 was not out of the question as of late January. This unexpected reversal in Russia’s position in the glob38 by David McKee Halting of wheat exports sparks a debate about whether the ban was necessary and what impact it will have on the country’s reputation as a global grain supplier al cereals trade has sparked a debate nearly as heated as the flames that scorched the Russian steppes this past summer. Was the decree really necessary? Whose interests did it actually protect? To what extent were domestic political considerations at play? Was the ban simply a case of pandering to Russia’s increasingly powerful meat and feed industry? When will Russian wheat return to world markets? Does Russia still March 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