World Grain - March 2011 - (Page 50)

FEATURE Egypt I n Egypt, where the Arabic word for bread (aish) is also the word for life, the importance of bread cannot be overstated. Egyptians are among the world’s largest consumers of bread per capita annually, and Egypt is the world’s largest wheat importer. It’s a nation of 80 million people, where one in five persons lives on an income of less than $1 a day and the government provides 14.2 million of its poor citizens with subsidized bread. The bread subsidy constitutes the underpinning of the Egyptian social safety net. In 1977, what came to be known as the Egyptian Bread Riots broke out after the government ended its subsidies of basic food staples. Hundreds of thousands of Egyptians took to the streets, and hundreds were injured and dozens died during the protests. In 2007 and 2008, as food prices soared and food riots erupted in cities around the world, panic over a disruption in the supply chain of flour and bread in Egypt again unfolded into deadly protests. In late January and early February of this year, hundreds of thousands of Egyptians staged a massive, sometimes violent political protest that in just 18 days led to the resignation of Hosni Mubarak, who had been the country’s president for 30 years. While soaring food prices have angered Egyptians in (Above) Egyptians crowd to buy bread before the curfew starts in Cairo, Egypt on Jan. 31, 2011. A coalition of opposition groups staged several weeks of protests which ultimately led to the resignation of President Hosni Mubarak. Photo courtesy of AP Photo/Amir Nabil. 50 Unrest in by Jay Sjerven and Arvin Donley To what extent Mubarak’s ouster will impact the nation’s ability to import wheat and produce and distribute bread products remains to be seen recent weeks, it was not the primary factor in this revolution. The people took to the streets to protest poverty, rampant unemployment, government corruption and the autocratic governance of the Mubarak regime. The plan is for Egypt’s military to be in power over the next few months until elections can be held. It remains to be seen how this transition of power will impact the country’s ability to import wheat, transport wheat within the country, mill wheat into flour and ultimately distribute bread products to its people. Nomani Nomani, vice chairman of the General Authority for Supply Commodities (GASC), told media outlets on Jan. 31 that Egypt had wheat stocks to last six months and even longer if the upcoming local harvest was taken into account, adding that Egypt was in a safe position regarding commodities. While food stocks in Egypt — especially wheat — have been 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