World Grain - July 2012 - 13

newsreview
FAO food price index drops sharply on cereal production
ROME, ITALY — Global food prices dropped sharply in May due to generally favorable supplies, growing global economic uncertainties and a strengthening of the U.S. dollar, the United Nation’s Food and Agriculture Organization (FAO) said on June 7. The FAO Food Price Index, measuring the monthly change in international prices of a basket of food commodities, fell by 4% in May. The index (www.fao.org/worldfoodsituation/wfs-home/foodpricesindex/en) averaged 204 points and was 9 points down from April. This was the lowest level since September 2011 and about 14% below its peak in February 2011. “Crop prices have come down sharply from their peak level but they remain still high and vulnerable due to risks related to weather conditions in the critical growing months ahead,” said FAO’s grain analyst Abdolreza Abbassian. FAO at the same time raised the forecast for world cereal production by 48.5 million tonnes since May, mainly on the expectation of a bumper corn crop in the U.S. FAO’s latest forecast for world cereal production in 2012 stands at a record level of 2.419 billion tonnes, up 3.2% from the 2011 record. The bulk of the increase is expected to originate mainly from corn in the U.S. amid an early start of the planting season and prevailing favorable growing conditions. As a result, the global coarse grain production is forecast at 1.248 billion tonnes, a huge 85 million tonnes increase from the previous year. However, with planting still to be completed and much of the crop at very early stages of development, the final outcome will depend greatly on weather conditions in the coming months. With the main northern hemisphere rice crops now in the ground in several countries, the forecast of global rice production in 2012 is firmer and points to a 2.2% increase from 2011, to some 490 million tonnes, mostly reflecting larger plantings in Asia. For wheat, latest indications point to a contraction of about 3% in production in 2012, to 680 million tonnes, still well above the average of the past five years.
www.World-Grain.com / World Grain / July 2012

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World Grain - July 2012

Table of Contents for the Digital Edition of World Grain - July 2012

World Grain - July 2012
Table of Contents
From the Editor-in-chief - Greatest growth in global milling lies ahead
Calendar of Events
Soy & Grain Trade Summit
News Review - Cargill to build its largest feed mill in Korea
News Review - Viterra’s second-quarter results reach record levels
News Review - China drops anti-dumping probe against U.S. DDGS
News Review - FAO food price index drops sharply on cereal production
News Review - Salim Group founder Sudono Salim dies at 95
News Review - CBH Grain awarded first Japanese MAFF tender
News Review - Agrocorp to build pulse, grain processing facility
News Review - FEFAC meeting highlights global food security
News Review - 33 countries represented at Fumigants & Pheromones Conference
News Review - FEFAC releases E.U. compound feed numbers
News Review - Corn Products officially becomes Ingredion
Correction
News Review - Ukraine plans to raise grain exports
News Review - National Chamber of Milling appoints executive director
News Review - Bayer opens wheat breeding station in Germany
News Review - Lansing, Olam form joint venture to merchandise grain
News Review - CWB expands grain delivery points across Western Canada
Grain Market Review - Oilseeds
Country Focus - Mexico
Feature - Getting more global
Feature - Shipping at near-historical lows
Feature - Feeding 9 billion people by 2050
Feature - How low can they go?
Feature - Going 'green' with LNG
Rice Quarterly - Striving for paddy, milled rice quality
Rice Quarterly - USARice 'pleased' with CME change to rice contract
Rice Quarterly - Sri Lanka plans rice exports to South Africa
Rice Quarterly - Pakistan expects to reach export target
Rice Quarterly - Pakistani Basmati rice risks losing its global position
Rice Quarterly - Philippines inks rice deal with Vietnam
Feature - A new record in flour exports
Feature - Dry weather impacting crops
Feature - Battling pests each step of the way
North American supplier profiles
Supplier News
Product Showcase
Reader Information Form/International Faxback Program
World Grain - July 2012 - World Grain - July 2012
World Grain - July 2012 - 2
World Grain - July 2012 - 3
World Grain - July 2012 - 4
World Grain - July 2012 - Table of Contents
World Grain - July 2012 - From the Editor-in-chief - Greatest growth in global milling lies ahead
World Grain - July 2012 - 7
World Grain - July 2012 - Soy & Grain Trade Summit
World Grain - July 2012 - 9
World Grain - July 2012 - 10
World Grain - July 2012 - 11
World Grain - July 2012 - News Review - China drops anti-dumping probe against U.S. DDGS
World Grain - July 2012 - News Review - FAO food price index drops sharply on cereal production
World Grain - July 2012 - News Review - Salim Group founder Sudono Salim dies at 95
World Grain - July 2012 - News Review - Agrocorp to build pulse, grain processing facility
World Grain - July 2012 - News Review - 33 countries represented at Fumigants & Pheromones Conference
World Grain - July 2012 - Correction
World Grain - July 2012 - News Review - National Chamber of Milling appoints executive director
World Grain - July 2012 - News Review - CWB expands grain delivery points across Western Canada
World Grain - July 2012 - Grain Market Review - Oilseeds
World Grain - July 2012 - 21
World Grain - July 2012 - Country Focus - Mexico
World Grain - July 2012 - 23
World Grain - July 2012 - 24
World Grain - July 2012 - 25
World Grain - July 2012 - 26
World Grain - July 2012 - 27
World Grain - July 2012 - Feature - Getting more global
World Grain - July 2012 - 29
World Grain - July 2012 - 30
World Grain - July 2012 - 31
World Grain - July 2012 - 32
World Grain - July 2012 - 33
World Grain - July 2012 - Feature - Shipping at near-historical lows
World Grain - July 2012 - 35
World Grain - July 2012 - 36
World Grain - July 2012 - 37
World Grain - July 2012 - 38
World Grain - July 2012 - 39
World Grain - July 2012 - Feature - Feeding 9 billion people by 2050
World Grain - July 2012 - 41
World Grain - July 2012 - 42
World Grain - July 2012 - 43
World Grain - July 2012 - Feature - How low can they go?
World Grain - July 2012 - 45
World Grain - July 2012 - 46
World Grain - July 2012 - 47
World Grain - July 2012 - Feature - Going 'green' with LNG
World Grain - July 2012 - 49
World Grain - July 2012 - 50
World Grain - July 2012 - 51
World Grain - July 2012 - Rice Quarterly - Striving for paddy, milled rice quality
World Grain - July 2012 - 53
World Grain - July 2012 - 54
World Grain - July 2012 - 55
World Grain - July 2012 - 56
World Grain - July 2012 - 57
World Grain - July 2012 - 58
World Grain - July 2012 - 59
World Grain - July 2012 - Rice Quarterly - Pakistan expects to reach export target
World Grain - July 2012 - Rice Quarterly - Philippines inks rice deal with Vietnam
World Grain - July 2012 - Feature - A new record in flour exports
World Grain - July 2012 - 63
World Grain - July 2012 - Feature - Dry weather impacting crops
World Grain - July 2012 - 65
World Grain - July 2012 - 66
World Grain - July 2012 - 67
World Grain - July 2012 - Feature - Battling pests each step of the way
World Grain - July 2012 - 69
World Grain - July 2012 - 70
World Grain - July 2012 - 71
World Grain - July 2012 - North American supplier profiles
World Grain - July 2012 - 73
World Grain - July 2012 - 74
World Grain - July 2012 - 75
World Grain - July 2012 - 76
World Grain - July 2012 - 77
World Grain - July 2012 - 78
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World Grain - July 2012 - 93
World Grain - July 2012 - 94
World Grain - July 2012 - 95
World Grain - July 2012 - 96
World Grain - July 2012 - 97
World Grain - July 2012 - Supplier News
World Grain - July 2012 - 99
World Grain - July 2012 - 100
World Grain - July 2012 - 101
World Grain - July 2012 - 102
World Grain - July 2012 - 103
World Grain - July 2012 - Product Showcase
World Grain - July 2012 - 105
World Grain - July 2012 - Reader Information Form/International Faxback Program
World Grain - July 2012 - 107
World Grain - July 2012 - 108
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http://digital.world-grain.com/sosland/wg/2005_07_01
http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
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