World Grain - March 2011 - (Page 6)

from the editor-in-chief Arab revolution of great importance for wheat newspaper headline telling of “bread lines” in strife-torn Libya has spurred this page to depart from avoiding global political and military issues to comment on the huge and direct effect of the Arab revolution of 2011. After all, the countries where uprisings have resulted in the toppling of long-ruling autocrats or dictators register per capita consumption of bread that is probably the highest in the world. At the same time, many of these nations rely on imports to provide a substantial share of the wheat needed to supply relatively new domestic flour milling industries. In many cases, milling reached its present state only a decade or two ago, marking the end of the era when these nations ranked as the world’s largest importers of flour. Yes, what is happening in North Africa and the Middle East is felt in wheat prices which almost always respond to political turmoil. After all, Egypt, one of the first of these countries where its leader left in response to democratic demands, is the world’s ranking importer of wheat. It’s too early to say just how a new government will conduct its wheat buying on behalf of separate and publicly-owned flour milling companies. That nation’s wheat imports this crop season were estimated just prior to the toppling of Hosni Mubarak at 10 million tonnes, nearly double the takings of the second-ranking importer. A The temptation is great in examining the grain situation in these countries to draw a comparison between wheat and crude oil. The uprising in Libya, a nation that is a relatively small supplier of oil to Europe, prompted one of the sharpest two-day advances in oil prices in the recent period of startling volatility. Libya has been a large importer of wheat flour for some years, ranking that nation at the top in that category in recent years. War-torn Iraq has been the main challenger of Libya as a wheat flour importer. Yemen, another nation where people have risen in protest, has ranked high as a flour importer. Large changes in the pace of takings by any of these nations are almost certain to reverberate through grain and grain-based foods. Thus far avoiding significant domestic protests while being a central player in the region, Saudi Arabia makes its own special case when it comes to wheat, flour and bread. Once reliant totally on flour imports, the Saudi kingdom was one of the first in the region to build its own flour milling equal to domestic demand. Instead of importing wheat, the government decided a little more than a decade ago to guarantee domestic producers prices for wheat that were triple the international market in order to spur investing in irrigated farmland. After several years of this costly and water-wasting experiment, the Saudis reversed course with a halt to domestic wheat growing and a willingness to rely on imports. Of course, the decision to rely on imports, which was hailed for both its economic and conservation sensibilities, collided with a market where prices have climbed on concerns about global supply adequacy. As a consequence, two new strategies have emerged that will certainly have great impact on the wheat market — adding sufficient storage space to boost stocks and acquiring cropland in other nations that could be used to grow wheat meant to protect Saudi domestic needs. Yearnings for liberty and freedom, not bread lines, food shortages or food price inflation, are at the heart of the Arab revolution. Yet, the new leaders of every one of these nations are aware of the importance of adequate grain supplies to building the new nations and the new governments their people have fought for. As compared with dictators driven by ego and greed, the new leaders will obviously be guiding food policies along different paths. That alone would have the events currently under way in North Africa and the Middle East of huge significance for global grain business. Morton I. Sosland Editor-in-chief Chairman Charles Sosland Publisher/Managing Director Mark Cornwell Director of Advertising Sales Dan Flavin EDITORIAL STAFF Editor-in-Chief Editor Managing Editor, World-Grain.com Editor Markets European Editor Designer Morton I. Sosland Arvin Donley Meyer Sosland Melissa Alexander Chris Lyddon Ryan Alcantara PUBLISHING STAFF Vice-Chairman L. Joshua Sosland President and Publishing Director Mark Sabo Vice-President and Chief Financial Officer Melanie Hepperly Audience Development Director Don Keating Director of On-line Advertising and Promotions Carrie Fluegge Promotions Manager Alissa Nower Director of e-Business Jon Hall Advertising Manager Nora Wages Advertising Materials Coordinator Debbie Maniez Digital Systems Analyst Marj Potts Circulation Manager Judith Arnone WORLD GRAIN (ISSN 0745-8991) Volume 29, issue 3, is published monthly by Sosland Publishing Co., 4800 Main Street, Suite 100, Kansas City, MO 64112 U.S. Periodicals postage paid at Kansas City, MO 64108 U.S. and additional mailing offices. Canada Post International Publications Mail (Canada Distribution) Sales Agreement Number 40612608. Send returns (Canada) to Bleuchip International, P.O. Box 25542, London, ON, N6C 6B2. Printed in the USA. POSTMASTER: Send address changes to WORLD GRAIN, PO Box 324, Congers, NY 10920-0324. © Sosland Publishing Co. All rights reserved. Reproduction of the whole or any part of the contents without written permission is prohibited. WORLD GRAIN assumes no responsibility for the validity of claims in items reported. Sosland Publishing Co. is a division of Sosland Companies. Inc. Editorial and advertising inquiries should be directed to our world headquarters at 4800 Main St., Suite 100, Kansas City, Missouri 64112 U.S. Tel: 1-816-756-1000, Fax: 1-816-756-0494 or E-mail worldgrain@sosland.com. Requests for reprints of articles should be sent to reprints@sosland.com or call 1-816-756-1000. 6 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
ADVERTISER INDEX

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