The latest assessment of global grain supply and demand for 2010/11 is for some further tightening in the outlook, as the crop forecast is reduced and consumption is placed slightly higher than before.
GMR, 25/11/10
Fears of a global food crisis has swept the world's commodity markets as prices for staples such as corn, rice and wheat rose. World prices of staple food grains are projected to rise from anywhere from 31 per cent to 101 per cent by 2050 as pressure on food supply increases.
A study by the International Food Policy Research Institute suggests that for most farmers are challenged adapting to changes in temperatures and rainfall levels. This poses a major consequence to productivity, resulting in more difficulties in managing risk.
With Russia's ban on grains export till July 2011 and Ukraine export quotas limit, how will it change the supply dynamics in global grains trade? Can USA and Europe fill the gap? Will the traditional supply sources from Australia, USA, Canada & South America be able to meet global demand? Where are the alternative sources of grain supply coming from?
CMT's 3rd World Grains Trade Summit will bring together leading industry panel to discuss key issues/concerns pertinent to the grains buyers and sellers. This is an event NOT to be missed!
Multiple Reasons to Attend & Benefit
· Hear from leading players where the world grains market is heading & the impact on importers & exporters
· Assess global economic scenario & currency movement and trends
· Find out from Barlow Lyde & Gilbert issues on force majeure and prohibition in the light of the recent Russian export ban on grain exports
· How changes in Australia's grains industry affect Asian buyers
· Flour market outlook from Asia's leading flour miller - Interflour Group
· BNP Paribas will give an in-depth analysis of global feed market development
· Gain insights from leading importers/buyers on how they manage volatility in the grains market and sourcing considerations
· Performance of dry bulk freight market
· How long-lived is biofuels and its impact on grains market
Sign up with your team today at www.cmtevents.com to enjoy group discount. Contact Angelia at angelia@cmtsp.com.sg for more information.