World Grain - November 2012 - 30

FEATURE

E.U.
T
he fragmentation of the European Union (E.U.) flour milling market, in terms of both participants and regions, combined with increased international competition will eventually lead to a tipping point and further consolidation of the industry, according to a report on the European flour milling industry released by Utrecht, Netherlands-based Rabobank in September. The E.U. plays a dominant role in world wheat production, but it is not a single, uniform market, and the same holds true for wheat flour. Rabobank notes that there are significant differences amongst countries ranging from wheat production and quality to the level of milling industry consolidation. Some countries, such as France, Germany and the U.K., are net exporters of wheat, while others like the Netherlands, Spain and Italy are net importers. Milling industry structure and efficiency are quite diverse as well, with a notable difference between northern and southern Europe.
30

milling industry analysis
by Arvin Donley

Rabobank: Fragmentation of the market and increased international competition will lead to further consolidation
“We estimate that the more consolidated industry countries in the north (Germany, the Netherlands and the U.K.) run at average capacity utilization rates between 80% and 90%, while this rate is nearer to 50% in the more fragmented southern markets. The E.U. industry average is 65%.” In Europe, domestic demand for flour has been relatively constant. The E.U. flour milling industry has been in a pseudo-consolidation phase for decades, as over the past 50 years the total number of flour mills decreased from 15,000 to just
November 2012 / World Grain / www.World-Grain.com


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World Grain - November 2012

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

World Grain - November 2012
Table of Contents
From the Editor-in-chief - Grains freed from macroeconomic forces
Calendar of Events
News review - ADM ups stake in GrainCorp with aim to acquire business
CME to acquire Kansas City Board of Trade
Canadian wheat output up 6% from 2011
Australia’s wheat export market further deregulated
Glencore acquires interest in Russian grain terminal
ADM, Wilmar receive approval for partnership
Prospects for U.S. rice exports to China advance
Ingredion earnings climb 29% in third quarter
Dangote sells stake in flour mills to Tiger Brands
Richardson to invest in port terminal facility
Alltech predicts contraction in feed production
CBH Grain restructures export marketing team
South Korea removes U.S. rice import, sales suspension
Cargill plans Canadian canola crush plant
Cargill earnings quadruple on companywide improvement
Bunge’s earnings rise as it plans for drought impact
Japan increases feed wheat imports on high corn price
Grain Market Review - Wheat
Country Focus - Focus on Romania
Feature - E.U. milling industry analysis
Feature - ‘New’ CWB forges ahead
Feature - Road to self-sufficiency
Feature - Global grain trade review
Feature - Market volatility new normal
Feature - The Brazilian transportation dilemma
Milling Operatoions - Wheat blending
Feed Operations - Choosing the right bearing
World Grain Weather Report - Arctic meltdown
Feature - Global Food Safety Initiative
Feature - iRely takes 100-year view
Feature - Ocrim hosts milling event
Supplier News
Product Showcase
Feature - Recalling Donald M. Mennel as leader
World Grain Archive
Ad Index/Reader Information Form/International Faxback Program
World Grain - November 2012 - World Grain - November 2012
World Grain - November 2012 - 2
World Grain - November 2012 - 3
World Grain - November 2012 - 4
World Grain - November 2012 - 5
World Grain - November 2012 - 6
World Grain - November 2012 - Table of Contents
World Grain - November 2012 - From the Editor-in-chief - Grains freed from macroeconomic forces
World Grain - November 2012 - 9
World Grain - November 2012 - Calendar of Events
World Grain - November 2012 - 11
World Grain - November 2012 - Canadian wheat output up 6% from 2011
World Grain - November 2012 - 13
World Grain - November 2012 - Glencore acquires interest in Russian grain terminal
World Grain - November 2012 - Prospects for U.S. rice exports to China advance
World Grain - November 2012 - Dangote sells stake in flour mills to Tiger Brands
World Grain - November 2012 - Alltech predicts contraction in feed production
World Grain - November 2012 - South Korea removes U.S. rice import, sales suspension
World Grain - November 2012 - 19
World Grain - November 2012 - Japan increases feed wheat imports on high corn price
World Grain - November 2012 - 21
World Grain - November 2012 - Grain Market Review - Wheat
World Grain - November 2012 - 23
World Grain - November 2012 - Country Focus - Focus on Romania
World Grain - November 2012 - 25
World Grain - November 2012 - 26
World Grain - November 2012 - 27
World Grain - November 2012 - 28
World Grain - November 2012 - 29
World Grain - November 2012 - Feature - E.U. milling industry analysis
World Grain - November 2012 - 31
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World Grain - November 2012 - 33
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World Grain - November 2012 - 37
World Grain - November 2012 - Feature - ‘New’ CWB forges ahead
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World Grain - November 2012 - 41
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World Grain - November 2012 - Feature - Road to self-sufficiency
World Grain - November 2012 - 47
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World Grain - November 2012 - 49
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World Grain - November 2012 - 51
World Grain - November 2012 - Feature - Global grain trade review
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World Grain - November 2012 - FF - 1
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World Grain - November 2012 - 76
World Grain - November 2012 - 77
World Grain - November 2012 - Feature - Market volatility new normal
World Grain - November 2012 - 79
World Grain - November 2012 - 80
World Grain - November 2012 - 81
World Grain - November 2012 - 82
World Grain - November 2012 - 83
World Grain - November 2012 - Feature - The Brazilian transportation dilemma
World Grain - November 2012 - 85
World Grain - November 2012 - 86
World Grain - November 2012 - 87
World Grain - November 2012 - 88
World Grain - November 2012 - 89
World Grain - November 2012 - 90
World Grain - November 2012 - 91
World Grain - November 2012 - 92
World Grain - November 2012 - 93
World Grain - November 2012 - Milling Operatoions - Wheat blending
World Grain - November 2012 - 95
World Grain - November 2012 - 96
World Grain - November 2012 - 97
World Grain - November 2012 - 98
World Grain - November 2012 - 99
World Grain - November 2012 - Feed Operations - Choosing the right bearing
World Grain - November 2012 - 101
World Grain - November 2012 - 102
World Grain - November 2012 - 103
World Grain - November 2012 - 104
World Grain - November 2012 - 105
World Grain - November 2012 - World Grain Weather Report - Arctic meltdown
World Grain - November 2012 - 107
World Grain - November 2012 - 108
World Grain - November 2012 - 109
World Grain - November 2012 - Feature - Global Food Safety Initiative
World Grain - November 2012 - 111
World Grain - November 2012 - 112
World Grain - November 2012 - 113
World Grain - November 2012 - Feature - iRely takes 100-year view
World Grain - November 2012 - 115
World Grain - November 2012 - Feature - Ocrim hosts milling event
World Grain - November 2012 - 117
World Grain - November 2012 - Supplier News
World Grain - November 2012 - 119
World Grain - November 2012 - 120
World Grain - November 2012 - 121
World Grain - November 2012 - Product Showcase
World Grain - November 2012 - 123
World Grain - November 2012 - Feature - Recalling Donald M. Mennel as leader
World Grain - November 2012 - World Grain Archive
World Grain - November 2012 - Ad Index/Reader Information Form/International Faxback Program
World Grain - November 2012 - 127
World Grain - November 2012 - 128
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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