World Grain -- May 2011 - 38

FEATURE

Strategic

grain
T
he world economic crisis at the end of 2008 led to a profound distrust of ﬁnancial markets, particularly among the developed countries that were impacted the most. Similarly, the twin price spikes that like bookends preceded the collapse and now accompany the global recovery, have caused political leaders in many developing countries to lose faith in grain and other commodity markets. After at least two decades of gradual withdrawal as part of an overall move toward free markets and economic liberalization, food price riots in 2008 and the recent unrest in many countries — sparked in part by renewed inﬂation — have prompted many governments to vigorously intervene in grain markets. Outright bans, quotas or other restrictions on exports by Russia, Ukraine, Argentina, India, China and others are just one aspect of this trend. Another is the policy decisions of many countries to increase the size of their strategic grain reserves whether composed of domestic or imported origin. The effects on world
(Above) In December of 2010, Chief Industries UK of Essex, England, finished installing six steel silos with total storage capacity of 73,800 tonnes (12,300 tonnes each) that are 28.3 meters in diameter with an overall height of 29.4 meters at a facility in the Port of Qasim. Photo courtesy of Chief Industries.
38

reserves
by David McKee

Many developing countries choosing to increase the size of their grain holdings during recent period of price volatility
markets of these larger reserves have yet to be seen, but could make volatile markets even thinner as governments seek to hold, or as critics would say, hoard more grain. There are numerous examples from many parts of the world. MIDDLE EAST In the Middle East, a region heavily dependent on grain imports, wealthy governments have decided to invest some of their immense cash surpluses in strategic grain holdings. Industry sources report that Saudi Arabia intends to increase its stock on hand of imported wheat to 1.5 million tonnes, which
May 2011 / World Grain / www.World-Grain.com

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World Grain -- May 2011

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

World Grain -- May 2011
from the editor-in-chief
Meetings
FEFAC annual meeting June 8 in Belgium
News review -- Viterra, Montreal Port reach agreement for grain terminal
News review -- Viterra reports record grain exports for South Australia
News review -- Seaboard returns to Madagascar
News review -- No recovery seen in world wheat stocks
News review -- First panamax shipment due in Japan’s Kashima Port
News review -- Cargill’s third-quarter earnings increase 30%
News review -- Glencore plans initial public offering
News review -- Cargill to invest $25 million at Hales Point grain facility
News review -- Cargill acquires Fort Dodge corn wet mill ethanol facility
News review -- ADM to acquire soybean crushing, biodiesel facility
News review -- CHS reports six-month earnings of $396.3 million
News review -- New grain terminal planned in Louisiana
News review -- USGC pursues solutions to Turkey’s DDGS restrictions
News review -- Bunge creates joint venture for grain terminal in Illinois
News review -- Biotech company to build facility in China
News review -- Bunge, Senwes to create grain, oilseed joint venture
News review -- Cargill granted patent for pet food cooking process
Grain Market Review -- Wheat
Country Focus -- Focus on Japan
Feature --Saudi Arabia’s new grain supply policy
Feature -- Strategic grain reserves
Feature -- Grain storage and handling projects
Feature -- MYCOTOXINS
Grain Operations -- Preventing grain entrapment
Feature -- CWB buys grain ships
Milling Operations -- Wheat Conditioning
Feature -- High prices drive decline in FLOUR EXPORTS
Feature -- Global bioengineered crops increase
RICE QUARTERLY -- Groups partner for Global Rice Research
Rice News Roundup -- India continues export ban on non-basmati rice
Rice News Roundup -- New rice mill planned for Louisiana
Rice News Roundup -- USDA chief economist sees fewer rice acres
Rice News Roundup -- USA Rice discusses Doha Round objectives
Feature -- FROM LAB TO LINE
Supplier News -- Twenty-four graduate from SMS
Supplier News -- Intersystems applies for patent on RollerFLO 3i
Supplier News -- Mühlenchemie develops compounds to improve damaged wheat
Supplier News -- Kepler Weber’s 2010 net profi t reaches R25.4 million
Supplier News -- Kepler Weber to supply a grain storage system in Angola
Supplier News -- JCB updates website
Product Showcase
World Grain -- May 2011 - World Grain -- May 2011
World Grain -- May 2011 - 2
World Grain -- May 2011 - 3
World Grain -- May 2011 - 4
World Grain -- May 2011 - 5
World Grain -- May 2011 - 6
World Grain -- May 2011 - 7
World Grain -- May 2011 - from the editor-in-chief
World Grain -- May 2011 - 9
World Grain -- May 2011 - FEFAC annual meeting June 8 in Belgium
World Grain -- May 2011 - 11
World Grain -- May 2011 - News review -- Viterra reports record grain exports for South Australia
World Grain -- May 2011 - 13
World Grain -- May 2011 - News review -- Seaboard returns to Madagascar
World Grain -- May 2011 - News review -- First panamax shipment due in Japan’s Kashima Port
World Grain -- May 2011 - News review -- Glencore plans initial public offering
World Grain -- May 2011 - News review -- Cargill acquires Fort Dodge corn wet mill ethanol facility
World Grain -- May 2011 - News review -- CHS reports six-month earnings of $396.3 million
World Grain -- May 2011 - News review -- USGC pursues solutions to Turkey’s DDGS restrictions
World Grain -- May 2011 - News review -- Biotech company to build facility in China
World Grain -- May 2011 - News review -- Cargill granted patent for pet food cooking process
World Grain -- May 2011 - Grain Market Review -- Wheat
World Grain -- May 2011 - 23
World Grain -- May 2011 - Country Focus -- Focus on Japan
World Grain -- May 2011 - 25
World Grain -- May 2011 - 26
World Grain -- May 2011 - 27
World Grain -- May 2011 - 28
World Grain -- May 2011 - 29
World Grain -- May 2011 - Feature --Saudi Arabia’s new grain supply policy
World Grain -- May 2011 - 31
World Grain -- May 2011 - 32
World Grain -- May 2011 - 33
World Grain -- May 2011 - 34
World Grain -- May 2011 - 35
World Grain -- May 2011 - 36
World Grain -- May 2011 - 37
World Grain -- May 2011 - Feature -- Strategic grain reserves
World Grain -- May 2011 - 39
World Grain -- May 2011 - 40
World Grain -- May 2011 - 41
World Grain -- May 2011 - 42
World Grain -- May 2011 - 43
World Grain -- May 2011 - Feature -- Grain storage and handling projects
World Grain -- May 2011 - 45
World Grain -- May 2011 - 46
World Grain -- May 2011 - 47
World Grain -- May 2011 - 48
World Grain -- May 2011 - 49
World Grain -- May 2011 - 50
World Grain -- May 2011 - 51
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World Grain -- May 2011 - 53
World Grain -- May 2011 - 54
World Grain -- May 2011 - 55
World Grain -- May 2011 - 56
World Grain -- May 2011 - 57
World Grain -- May 2011 - Feature -- MYCOTOXINS
World Grain -- May 2011 - 59
World Grain -- May 2011 - 60
World Grain -- May 2011 - 61
World Grain -- May 2011 - 62
World Grain -- May 2011 - 63
World Grain -- May 2011 - Grain Operations -- Preventing grain entrapment
World Grain -- May 2011 - 65
World Grain -- May 2011 - 66
World Grain -- May 2011 - 67
World Grain -- May 2011 - Feature -- CWB buys grain ships
World Grain -- May 2011 - 69
World Grain -- May 2011 - 70
World Grain -- May 2011 - 71
World Grain -- May 2011 - Milling Operations -- Wheat Conditioning
World Grain -- May 2011 - 73
World Grain -- May 2011 - 74
World Grain -- May 2011 - 75
World Grain -- May 2011 - Feature -- High prices drive decline in FLOUR EXPORTS
World Grain -- May 2011 - 77
World Grain -- May 2011 - 78
World Grain -- May 2011 - 79
World Grain -- May 2011 - Feature -- Global bioengineered crops increase
World Grain -- May 2011 - 81
World Grain -- May 2011 - 82
World Grain -- May 2011 - 83
World Grain -- May 2011 - RICE QUARTERLY -- Groups partner for Global Rice Research
World Grain -- May 2011 - 85
World Grain -- May 2011 - 86
World Grain -- May 2011 - 87
World Grain -- May 2011 - Rice News Roundup -- New rice mill planned for Louisiana
World Grain -- May 2011 - 89
World Grain -- May 2011 - Rice News Roundup -- USA Rice discusses Doha Round objectives
World Grain -- May 2011 - 91
World Grain -- May 2011 - Feature -- FROM LAB TO LINE
World Grain -- May 2011 - 93
World Grain -- May 2011 - 94
World Grain -- May 2011 - 95
World Grain -- May 2011 - 96
World Grain -- May 2011 - 97
World Grain -- May 2011 - 98
World Grain -- May 2011 - 99
World Grain -- May 2011 - Supplier News -- Intersystems applies for patent on RollerFLO 3i
World Grain -- May 2011 - 101
World Grain -- May 2011 - Supplier News -- JCB updates website
World Grain -- May 2011 - 103
World Grain -- May 2011 - Product Showcase
World Grain -- May 2011 - 105
World Grain -- May 2011 - 106
World Grain -- May 2011 - 107
World Grain -- May 2011 - 108
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http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com