SlideShare una empresa de Scribd logo
1 de 6
Descargar para leer sin conexión
Digital Re-print - November | December 2010
   Globalfeed markets - November | December 2010



       Grain & Feed Milling Technology is published six times a year by Perendale Publishers Ltd of the United Kingdom.
       All data is published in good faith, based on information received, and while every care is taken to prevent inaccuracies,
       the publishers accept no liability for any errors or omissions or for the consequences of action taken on the basis of
       information published.
       ©Copyright 2010 Perendale Publishers Ltd. All rights reserved. No part of this publication may be reproduced in any form
       or by any means without prior permission of the copyright owner. Printed by Perendale Publishers Ltd. ISSN: 1466-3872




                               www.gfmt.co.uk                                                                                       NEXT PAGE
News        November - December 2010
                                                                                                                                                                                                                                 COMMODITIES
                                       GLOBAL
                                        GRAIN & FEED MARKETS
                                             Every issue GFMT’s market analyst John Buckley reviews
                                            world trading conditions which are impacting the full range
                                              of commodities used in food and feed production. His
                                                 observations will influence your decision-making.



                                   US crop setbacks revive bull market
                                                                                                                                                      NKS speed up transport operations with
                                                                                                                                                        Wheat bulls are also                                                                             However, without the stock cushion
 The quality factor                                                                                                                                   RDS on-board weighing
                                T
                                                                                                                                                    being driven by events in the                                                                        available to wheat consumers
                                          HE PAST year looks likely to                 crops in the FSU, recently planted late and in some          maize market where what                                                                              next summer, the maize market
 has kept prices of                       go down as an unlucky one                    areas under dry conditions. Concerns also persist            was once expected to be                                                                              may remain sensitive to upward


                                                                                                                                                    N
                                          in terms of crop weather –                   about the adequacy of better quality milling wheat           a record US  or crop has been                                                                           More until it has :
                                                                                                                                                                     t h K illingholme commercial sale of goods to r e s p o n d e d q u i c k l y a n dpressures inforMationsome firm
    North American                        for northern hemisphere                      supplies after this year’s wet harvest problems              repeatedly   S trevisede down,K S ) MID Class Y(b) and OIML effectively to any questionpointers to a significantly bigger
                                                                                                                                                                     orag        (N                                                                         Sheila Diaz
                                grain producers at least. Barely had                   in Canada, Germany and, in the last few weeks,               threatening r o v i d e        o e - Class R51 & ahead, despite an or support issue.
                                                                                                                                                                 p a much tighternthan expected yearR76 standards apparently looser (than world cropRDS the way. The interesting
                                                                                                                                                                                                                                                              on Technology Ltd
hard wheats fairly              markets begun to start settling down                   Australia too. On the bright side, EU autumn                  stop storage and logistical and n d at N K S US) stock/usel ratio“The loader operators get on here is that forward maize futures
                                                                                                                                                    end-season balance – for US             a world the i s c u r re n t y      of about 15%. The anomaly Cirencester Rd,
                                after the past summer’s crop shocks                    wheat planting appears to have gone well with                maize markets. This situation takes on added conjunc tion w it h well withUS , RDS systemactually Minchinhampton, Stroud,
                                                                                                                                                     solutions, including Customs- used in problem is that, outside of the the most are and                  showing a discount to current
 strong in the past             in the former Soviet Union, Canada                     adequate moisture on an expected larger area. The             approved warehousing for a among of thesetsupposedly ‘surplus’ maize operation as we (the reverse United situation for
                                                                                                                                                    importance in a year when maize            we ighbridge , o e nsure in such an stocks months            GL6 9BH, of the Kingdom
                                and Europe than a fresh drought worry                  odds might also be on the side of a better growing           other feed grainss– has lbeen expected to are held inreducing havereserves and so wheat). DoesTel: +44 1453 733300 markets
                                                                                                                                                     b u l k p r o d u c t i n c u d i n g accurate loading, China’s strategic here it certainly helps         this suggest that the
  month with Dark               emerged to threaten recently-planted                   season here in 2011 after two years of weather                                                       the of truck s spend on our aim of achieving a quick
                                                                                                                                                    help fill gaps left by the absence of millionstime inaccessible to the global market. On top think the US Email: can come to the rescue
                                                                                                                                                     agricultural feed and grain.                                                                             crop info@rdstec.com
                                US winter wheat crops for harvest in                   challenges. India also has a big wheat surplus from          tonnes of Russian and Ukrainian feed wheat, of that, many analysts vehicle turn around.”next year? Website: www.rdstec.com
                                                                                                                                                                                            site, increasing accountability    think China’s crop
   Northern Spring              2011.                                                  a record crop, some of which it might want to                 Based mention tight world barley and to speed up othe
                                                                                                                                                    not to    in North Lincolnshire, supplies a n d s t c k
                                   There is still time for rains to improve this       export at the best world prices seen for years.              too. rEven m i n g h a m d oofkbigger maize operation.are
                                                                                                                                                     n e a I m the prospect c s , complete estimates
   14% offered fob              situation – but a shaky start for a much-needed        The Indian government is torn between taking                 cropse r o u s p r o d u c Chinarand aTdecentg h considerably e
                                                                                                                                                     n u m in Argentina and t s a e           h ro u     u se o f t h
                                bumper crop from the world’s largest wheat             advantage of the best world wheat prices seen for            Ukrainian       from across he telemetry link option
                                                                                                                                                     receivedharvest have been tovershadowed over-rated
     Gulf as high as            exporter is the last thing anxious consumers want      years and a temptation to keep stockpiling staples            w the , crop outcome t h e n in the Loadmaster,tNKS
                                                                                                                                                    by o r l dUS s t o r e d a n d which was all the a n d         hat
                                to hear about. Fortunately, the offsetting factor we   like wheat and rice to combat its own rising food            more surprising after a yearthe supposedly the to phase
                                                                                                                                                     screened or blended to of              are looking world’s
$376/tonne at one               have highlighted in recent issues still applies: the   price inflation. But while world wheat stocks are            idealtgrowing conditions. Ironically, last year’s weighbridge
                                                                                                                                                     c u s o m e r ’s re q u i re m e n t s out t he second
                                US has a huge carryover stock of wheat to take         likely to remain large when the next season starts           weather-plagued harvest – and consequent a nlargesti m p l y
                                                                                                                                                                                                         d s maize
      stage, its most           into the next season, for a second year running.       in mid-2011, markets are already looking further                                                               send load data
                                                                                                                                                    long growing season – actually turned out producer and
                                US farmers are also thought to be planting a lot       ahead, to the possible scenarios for 2011/12. If             the highest US maize yields ever seen. The d i r e c t f r o m
                                                                                                                                                                                                       consumer
    expensive since             more winter wheat this year which may help offset      next year’s world crop again under-shoots targets,           response of markets to this shock has been t h e become a
                                                                                                                                                                                                       will l o a d e r
                                any yield penalty from poor crop establishment.        stocks will clearly be much tighter by mid-2012              dramatic with the leading Chicago futures big the office
                                                                                                                                                                                                        to importer
  August 2008 and               However, this hasn’t stopped speculative buyers,       and less able to supplement supply for a third               exchange soaring by up to 80% from its w this grainof h e r e     a
                                egged on by a weakening dollar and constant talk       year. This concern is already reflected in a recent          summer lows recently, pushing up prices             printed
                                                                                                                                                                                                       in the not
Canadian Western                of food price inflation, renewing their investment     12% premium on Chicago new crop (September                                                                       ticket will be
                                                                                                                                                    across the global feed grain sector, including too distant
                                in rising wheat prices. As well as the US crop         2011) futures over the current delivery month.               the European feed and even milling wheat           automatically
                                                                                                                                                                                                       future. More
 Red Spring wheat               situation, the wheat market still faces a highly       Clearly US, FSU and European crops will have to              markets. Possibly there is an element produced.    encouragingly,
                                uncertain outlook for next year’s winter wheat         demonstrate that they are up and running under               of over-reaction to the US maize supply T underi present
                                                                                                                                                                                                       his s due
    prices also near                                                                                    reasonably normal conditions                 before being sent outprices do appear to forward the
                                                                                                                                                    equation as these high        again.    to go live later in
                                                                                                        before the wheat market can begin           be causing a sharp cutback in import demand, p r i c e s ther
                                                                                                                                                     Total capacity of the NKS site year and will fur o f
    two-year highs.                                                                                     to relax over forward supplies. In          especially from the big Asian feed consumers. maizeat io n al
                                                                                                                                                     is over 250,000ft² and around im prove o pe r versus
                                                                                                        fact, wheat prices may not fully             a million tonnes feed, ethanol, productivity.
                                                                                                                                                    However, total US of different food and other crops
                                                                                                        settle down until mid-2011 when             industrial demand, which accounts N KS have used RDS
                                                                                                                                                     product is turned around for 85% like soyabeans
                                                                                                        the harvests start to come in.               each year. To is showing up weighing systems for
                                                                                                                                                    of crop disposal,help speed no signs yet of and cot ton
                                                                                                        In the meantime, weather will               ‘price-rationing’ as processors push up prices years taseShaun
                                                                                                                                                     this oper ation, N KS have over 20 –                     h     US
                                                                                                        take on even more importance                 invested in two to compensate – so the t , w i l l p l a n t
                                                                                                                                                    of their products       Loadmaster Dannat Warehouse
                                                                                                        than usual and speculators will             stock/use ratio a r d likelyi drop g historical e ra lot more
                                                                                                                                                     9 0 0 0 i o n b o will w e g h i n to M a n a g        at NKS
                                                                                                        be watching like hawks for any               systems from – equalNor th four x p l a i n s , of We main
                                                                                                                                                    lows of under 8%        RDS to just e weeks           “ its h ave
                                                                                                        problems in a major producing                Eastern Ltd for use on their received nothing but
                                                                                                                                                    supply. Given the pre-eminence of the US in coarse grain
                                                                                                        country, guaranteeing a swift               export trade for this grain, the world maize for vice vest
                                                                                                                                                     t wo Volvo L120 F wheeled excellent ser har and
                                                                                                        upward response from prices.                markets will also be tightly balanced in the support 0 1 1 .
                                                                                                                                                     loaders.                               product i n         2 from
                                                                                                                                                     The Loadm a ster 9 0 0 0 i is RDS Nor t h E astern ,
                                                                                                                                                     trade -approved for the w h o h a v e a l w a y s


34 | november - december 2010                                                                         Grain &feed millinG technoloGy                Grain
                                                                                                                                                    Grain &feed millinG technoloGy
                                                                                                                                                           feed millinG technoloGy                                                                             november - december 2010 | 5
                                                                                                                                                                                                                                                              november - december 2010 | 35
“The quality of the machinery we
                                                                                                                                                                                                                   manufacture is only as good as the
Commodity highlights -                          export campaign to non-EU countries).
                                                   Russian winter grain planting has
                                                                                                   some nagging concerns as we go to press
                                                                                                   about rain spoiling quality for the successful                                                                  buckets in them – which is why
Wheat needs a weather break
  As recently as the start of October, world
                                                undoubtedly got off to a difficult start in
                                                some, but not all, regions under frequently
                                                                                                   eastern harvest. Argentina is meanwhile
                                                                                                   enjoying a significant crop recovery from
                                                                                                                                                                                                                   we choose Tapco.                   ”
wheat prices had dropped by about 20%           dry conditions. Final wheat harvest area may       last year’s drought spoiled crop and latest                                                                               Gustaaf Zeeman
from the two-year highs of August when          struggle to reach last year’s level, or even dip   official estimates suggest it will raise wheat                                                                                  Managing Director
the full extent of Russia’s crop problem was    well below. Ukraine and Kazakhstan have            exports by several million tonnes. Both                                                                                              EUROPEAN MACHINE TRADING
driven home by its total ban on exports.        fared better with winter planting while all        Australia and Argentina are already selling                                                                                             ’t Zand, Noord-Holland,
Since then, however, uncertainty over 2011      three might be expected to raise spring            their crops forward and helping to keep                                                                                                    The Netherlands
crop prospects has not only dragged prices      wheat area – although the latter crops will        world wheat export costs under control.                                                                                                                                     Janco Zeeman
most of the way back but pushed forward         yield less than winter wheat. Overall, it          So too is Canada, despite its smaller 2010                                                                                                                                  Technical Director
prices to even higher levels. Will wheat go     might be reasonable to expect, that with           crop and a lower proportion of high quality
higher still, or is this an over-reaction fed   better yields than last year, the ‘Black Sea’      milling wheat after a damp summer. Recent
partly by renewed speculative buying?           producers could yet get reasonable 2011            Canadian Wheat Board reports suggest only
                                                                    crops. However, their          38% of spring wheat made the top two grades
                                                                    stocks will be low after       although some miller customers are reported
                                                                    this year’s crop failures      to be accepting the different mix without
                                                                    so export prospects for        major problems.
                                                                    the region remain highly          The quality factor has kept prices of North
                                                                    problematical for 2011/12.     American hard wheats fairly strong in the
                                                                    Russia has implied that it     past month with Dark Northern Spring 14%
                                                                    might extend its export        offered fob Gulf as high as $376/tonne at one
                                                                    ban well into next season      stage, its most expensive since August 2008
                                                                    but this message – aimed       and Canadian Western Red Spring wheat
   Looking at the key factors on the supply     partly at cooling its domestic market - could      prices also near two-year highs. The search
side as we go to press, there is positive and   be taken with a pinch of salt at this early        for cheaper alternatives has also seen US
negative news. Dry weather has raised the       stage, especially if weather does improve          Hard Red Winter wheat dragged up to as
risk of lower US winter wheat yields but rain   in the main growing season. Readers will           much as $305/tonne fob Gulf although soft
in the forecast might just get enough crops     also recollect that prior to this year’s crop      milling wheat prices have been more erratic,
established before dormancy, allowing this      disasters, the Black Sea producers were            absorbing the volatile trend in Chicago
year’s higher planted area to still turn in a   gearing up for a major, long-term expansion in     soft wheat futures with the ebb and flow
decent harvest.                                 their export programmes, targeting markets         of speculative money and other ‘outside’
   Europe’s crops have mostly gone in on        around the world traditionally held by the         influences. Currently soft wheat is enjoying
time under favourably moist conditions on       US, Canada, Europe, Australia and Argentina.       some support from the poor start to next
                                                                    A lot of investment has        year’s US crop, pulling export prices up close
                                                                    gone into these plans
                                                                    and after this year’s sales
                                                                                                   to those of HRW wheats – despite a lack of
                                                                                                   interest in US soft wheat from the world’s               How Tapco Buckets Help Maintain a Family
                                                                                                                                                                      Tradition of Quality
                                                                    cancellations, the Black       buyers and ample stocks of these. EU prices
                                                                    Sea countries need to          have meanwhile come well off their Aug/Sep
                                                                    demonstrate as soon as         highs but with exports rapidly eating into
                                                                    possible that they can be      stocks and months of weather uncertainty          For more than 90 years, European Machine Trading has maintained                                      our products. When you make a machine, the components you
                                                                    reliable suppliers. It would   ahead, a prolonged price fall looks less likely   their reputation as a high quality, family-owned business. In 1988,                                  select must be the same quality, which is why we chose Tapco buckets.”
                                                                    not be surprising, then, to    at this stage.                                                                             the former feed mill decided to
                                                                                                                                                                                                                                                          “The polyethylene Tapco Super EuroBuckets are strong, which is
                                                                    see at least the start of a    Key factors influencing the wheat                                                          manufacture elevators, transport
                                                                    significant comeback from                                                                                                                                                             important to fertilizer plant managers. They are tough enough to handle
                                                                                                   market in the months ahead will                                                            conveyors, bagging machines
                                                                                                                                                                                                                                                          heavy loads, yet flexible – so they absorb impact, bypass obstructions
                                                                    these suppliers in 2011/12
                                                                                                   include:                                                                               ®   and other equipment for feed
                                                                                                                                                                                                                                                          and return to their original shape. And, they don’t rust!”
                                                                    if the weather favours
                                                                                                                                                                                              mills, fertilizer plants and dealers.
a probable larger area. Stocks will be much     them between now and mid-2011, especially            Weather in the US, Europe and the former         STYLE SUPER EUROBUCKET
                                                                                                                                                                                              However, one thing stayed the                               With 900,000 buckets in 92 sizes – stocked throughout the
tighter than usual at the close of the season   from Ukraine – but not at last year’s low,         Soviet Union                                       HEAVY DUTY Polyethylene Elevator Bucket
                                                                                                                                                            Polyurethane • Nylon              same...quality.                                             world – Tapco has what you want, when you need it. Find
but, given more normal weather in 2011,         low prices.                                          Wheat importers’ response to high prices
supplies could still be more comfortable           Among other key suppliers, Australia has          The level of speculative demand, linked                                                                                                              out why 75% design engineers, contractors and bucket
                                                                                                                                                     “Our company has been built on quality,” Gustaaf Zeeman of
in the following season when Germany,           had drought problems in its Western half           to currency and broader ‘macro-economic’                                                                                                               elevator manufacturers in the U.S.A. specify Tapco*.
                                                                                                                                                     European Machine Trading says. “And quality is what we want in
hopefully may return to its role of top EU      offset by a terrific crop in the southeast,        trends                                                                                                                                                                                                            FANGED HEAD
quality wheat supplier. (Though France seems    resulting a big national harvest estimated                                                                                                                                                                                                                             Elevator Bolt
to have done much better with both crop         around 22.5/23.5m tonnes for the third             Maize balance tightens again
quality and quantity this year than early       year running. With comfortable starting
                                                                                                                                                                                                              ELEVATOR BUCKETS - ELEVATOR BOLTS
reports suggested, helping to keep domestic     stocks that suggests a probable rise in              A smaller than expected US crop has
millers supplied as well as backing a strong    export availability. However, there are            been driving the maize market sharply                                                                             +1 800 288 2726 • +1 314 739 9191
                                                                                                                                                                                                                                   www.tapcoinc.com
                                                                                                                                                     *Grain Journal, Country Journal Publishing Co., Inc., Decatur, Illinois, U.S.A.
                                                                                                                                                     The color blue, when used in connection with elevator buckets, is a U.S. registered trademark owned by Tapco Inc. © 2010 Tapco Inc.® All rights reserved.
36 | november - december 2010                                                                              Grain &feed millinG technoloGy
COMMODITIES

  higher in recent months along with renewed        news is gloomy though. Second largest maize        value in recent months, suggesting to some                    Others that livestock and poultry demand             take US farmland away from soya. In effect, with better crops of rapeseed and/or
  concerns about the strength of demand from        exporter Argentina is expected to raise            observers that it could gain up to 5m more                    there is simply growing much faster than             soyabean prices have to rise, regardless of sunflowerseed next summer - under strong
  the corn ethanol industry and, not least,         output to 25m tonnes and could increase            acres next spring, opening the way for a                      expected and a fast expanding Chinese                their own supply and demand, simply to competition from lucrative cereal crops – to
  a resurgence in speculative buying on the         exports by 5m. Exports are also seen rising        potential 355/360m tonne crop next summer                     crushing industry wants to benefit from              defend their share of acreage.                       help keep frisky oilmeal prices in check. Like
  futures markets caused by renewed, strong         from Brazil, Serbia, South Africa and Ukraine.     – even if this year’s rather disappointing yields             good margins. Whatever, the real reasons                Soya prices have also been driven the cereals, oilmeals will be very weather-
  downward pressure on the US dollar. The           Less encouragingly for other consumers,            were repeated (far more if the high 2009                      – probably a combination of the above -              higher by a smaller than expected crop sensitive markets in the months ahead.
  latter trend accelerated in November after        some analysts still think estimates of China’s     yields were achieved). That could feed higher                                                                                                US crop estimate Key factors influencing the oilmeal
  the US government decided to print another        crop at 168/169m tonnes are far too high and       demand and still raise those low US ending                                                                                                   from the USDA
                                                                                                                                                                                                                                                                               markets in the months ahead will
  $600bn to try to kick start its ailing economy,   that record prices for corn on its domestic        stocks by at least 50% during 2011/12. But it’s                                                                                              in November at
                                                                                                                                                                                                                                                                               include:
  stoking fresh fears – on US and global            market are a sign that significant imports will    all a long way off at this stage with a world                                                                                                91.9m tonnes –
  markets – that this would trigger hyper-          be made in coming months with potential            of weather – and soya pricing – possibilities                                                                                                still a record high          Chinese demand – can it continue at
  inflation. In predictable fashion, managed
  funds and other speculators responded to
                                                    firming effect on world maize prices.
                                                       World import trade for maize has actually
                                                                                                       in between.
                                                                                                          The progress of US ethanol demand for
                                                                                                                                                           News          November - December 2010                                                   but at this stage record levels?
                                                                                                                                                                                                                                                    seen inadequate              Latin American crop weather – will it
  the latest influx of ‘cheap money’ by rushing     not grown much this season, despite the            corn, related to the rate of blending, legal                                                                                                 to cover foreseen stay favourable in a normally drier ‘La Nina’
  to invest in commodities – metals, coffee,        shortages of Black Sea feed wheat as most          challenges and the relative price of ethanol                                                                                                 d o m e s t i c a n d year?
  sugar and, not least, agricultural markets as     of this season’s 23.6m tonnes increase in          v convential fuel, all of which will affect                                                                                                  export demand                Estimates of EU winter sowings for
  an inflation hedge, leading to huge swings        world maize consumption is taking place            producers/blenders profit margins and                                                                                                        without taking rapeseed – a crop rebound would help, in
                                                                                                                                                                                                         “ T h e To t a l B a g Co n t ro l no human intervention.                         More inforMation:
                                                                          in countries producing       consumption of maize.                                                                                                                        stocks down by the FSU too
                                                                                                                                                                                                         System has proven to be highly “The robots provide a perfectly
                                                                          it. The biggest increase        Import demand for US maize has slackened                                                                                                  about two million            The relative Wilkinson
                                                                                                                                                                                                                                                                                           Paul value of maize and soyabeans
                                                                                                                                                                                                         efficient and, coupled with the presented pallet every time and                   Business Development Manager
                                                                          of all is in the US (+10m    markedly in recent weeks with buyers                           traders have been rattled by the fact that tonnes. Even then, at some five tonnes, at US planting time next Apr/May and, no
                                                                                                                                                                                                         installation of three Pacepacker have minimal moving parts, which                 Pacepacker Services Ltd
                                                                          tonnes), over half of that   turned off by these sky-high prices. Will                      Chinese demand has shown little sign of these will not be tight unless China keeps up less important, spring weather – rain-
                                                                                                                                                                                                         palletiser robots, we have been reduces the room for error and                      Tel: +44 1371 811544
                                                                          in the still expanding       that continue, freeing up a little more end-                   slowing down even as soyabean prices its frenetic buying pace. Other importers, delayed maize +44 1371 811621          Fax: planting can often lead to
                                                                                                                                                                                                         able to reduce our packing the likelihood of breakdowns.
                                                                          ethanol industry. The        season stocks?                                                 have reached their highest level in over it might be noted, are not expanding their higher soyabean paul.wilkinson     Email: areas.
                                                                                                                                                                                                         staff by 40 percent, relocating Subsequently I’Anson’s operator and
                                                                          food versus fuel debate         Latin American crop outcomes and planting                   two years. However, a third view is that soya demand much. The EU is seen shipping                         The level of @pacepackerservices.com in
                                                                                                                                                                                                                                                                                                     speculative activity
                                                                                                                                                                                                         them elsewhere within the maintenance intervention has been
                                                                          simmers on in the US         weather in the Northern Hemisphere.                            China is deliberately contracting for more in 600,000 more beans than last year with commodityWebsite: www.pacepacker.com to
                                                                                                                                                                                   Dennis Allison,                                                                                            markets in general, linked
                                                                                                                                                                                                         operation,” adds Mr I’Anson.        reduced by 90 percent,” he adds.
                                                                          where the government            The trajectory of the US dollar. Further                    USPacepacker Managing
                                                                                                                                                                            soyabeans than it actually intends to much smaller gains spread across a number the dollar, global economic trends
                                                                          energy agency recently       weakness will spur more speculative demand                                         Director
                                                                                                                                                                      take delivery of, as insurance against any o f
                                                                                                                                                                                                         An automated A s i a n
                                                                          recommended a higher         for commodities including grains and                           problems occurring with recently-sown a n d L a t i n
                                                                                                                                                                  new Total Bag Control System solution
  in day-to-day prices on both futures and          ethanol blending rate for newer vehicles           soyabeans – on both sides of the Atlantic.                     Latin American crops. Some think China American
                                                                                                                                                                  we have been able to virtually Pacepacker, a robotics systems
  physical markets. Naturally, any commodity        although US food manufacturers and livestock       2989w                                                          could cancel some of these shipments if the countries.
                                                                                                                                                                  eliminate sack waste and integrator who has installed
  with a firm physical backdrop – and maize is      producers are currently mounting a legal                                                                          South Americans get normal weather into                That said,
                                                                                                                                                                  totally eliminate customer 400 palletising systems over
  one of them – becomes a star attraction to        challenge to this. There is also a question                                                                       the New Year, as it has done in past years. the immediate
  these ‘outside’ interests.                        over whether tax breaks should continue to         Oilmeals – prices up with
                                                                                                                                                                  complaints regarding product the past 15 years, now use the
                                                                                                                                                                         Oilseed and meal markets have also been onus is now                                                                    New
     That firm backdrop for maize has tightened     for ethanol blenders, enabling them to use
                                                                                                                                                                  presentation,” says Mr I’Anson. latest FANUC robots as part
                                                                                                                                                                      lifted by this year’s rather disappointing h e a v y           on             Simple pushbutton
  further in the past two months as the US          maize bio-fuel even when it is more expensive      grains, China demand but no                                Pacepacker have overcome of their automated solution.
                                                                                                                                                                      world oilseed crops which have resulted in South America
                                                                                                                                                                  the problem of heat sealing or Installed at the I’Anson plant                     for digital results!
                                                                              than petrol. To the      shortage                                                       zero growth in supply for 2010/11 – a season t o prod u ce
                                                                                                                                                                  stitching difficult to handle sacks is a FANUC M-410iB series
                                                                              surprise of many in                                                                     when global crush demand for oilseeds is another large
                                                                                                                                                                  with a system which supports robot, which offers four axes                        RIDA®QUICK SCAN
                                                                              the industry, soya          Oilmeal prices have risen sharply since our                 still expected to rise by at least 17m tonnes. soya harvest
                                                                                                                                                                  and guides the bag throughout and payloads ranging from
                                                                              bio-diesel tax breaks    last review, partly in response to strength in                 The good news is that the oilseed market in in the spring
                                                                                                                                                                  the process so that a perfect 140 to 700kg, as well as a high
                                                                              were not renewed         cereal markets but mainly due to voracious                     total is still in ample supply in 2010/11 after of 2011. So far
                                                                                                                                                                  seal is achieved every time, the performance R-2000iB series
                                                                              when they expired        demand from one outstanding importer.                          last season’s output exceeded crush by a the news from
                                                                                                                                                                  Total Bag Control System.              robot with a payload from 100
                                                                              last year, leading to    The top world soyameal consumer China                          well-above trend 50m tonnes. Although a this region is
                                                                                                                                                                  The system’s motorised grip to 250kg.
                                                                              a huge drop in usage     has been buying up US soyabeans as if there                    lot of this has gone to direct food use in encouraging
                                                                                                                                                                  arms move around the bag as it “A s a FAN UC str ategic
                                                                              of soya for this         were no tomorrow, putting the latter’s sales                   Asia, it has still added at least 16m tonnes w i t h l ar ge r
                                                                                                                                                                  is released from the spout clamp, par t ner wit h a 15 ye ar
                                                                              purpose. However,        to all destinations far ahead of the pace                      to world carryover stocks which reached than expected
                                                                                                                                                                  where a pair of fingers either relationship, P acepacker
                                                                              most in the ethanol      needed to meet seasonal forecasts. Some                        a hefty 72m tonnes at the start of the are a s being
                                                                                                                                                                  stretch or reform the gussets brings unrivalled specialist
                                                                              and grain industries     traders even suggest this could leave the                      new season on September 1. Most of this sown and rains
                                                                                                                                                                  of the bag, to close it and hold application experience, which
  crop – usually expected to supply over half       regard the renewal of the corn ethanol             USA’s own crushers and meal users short                        carryover is soyabeans, but about 7.5m is coming just in
                                                                                                                                                                  it in its formed state. These only a system integrator
  the world’s maize exports – has shrunk            blending subsidy at the end of 2010 as a           before the next crop arrives in September                      rapeseed. Even with flat growth in total time to break
                                                                                                                                                                  arms are then driven toward the can, to devise a solution
  from an estimated 334m to just 319m               foregone conclusion, despite its unpopularity      2011.                                                          oilseed supply, these mammoth stocks are drought s in
                                                                                                                                                                  sealer, transferring the bag into a from an initial layout to one
  tonnes, leaving the domestic market in a          in these straitened economic times.                   USDA data shows this is the second                          not expected to dip appreciably in 2010/11. B r a z i l a n d
                                                                                                                                                                  powered twin-belt feeder, making which includes purpose built
  22.4m tonne deficit. US carry-out stocks (at      Key factors influencing the maize                  season running that Chinese soya meal                             However, this this hasn’t stopped oilmeal Argentina.
                                                                                                                                                                  it possible to handle even the most end-effectors and control
  September 30 next year) will halve to a tight                                                        consumption will show growth approaching                       prices joining the renewed upturn in grain Europe, the
                                                    market in the months ahead will                                                                               unstable products and thin flimsy programs,” explains Dennis
  21m tonnes – about three weeks’ supply for                                                           20% , accounting for a quarter of all world                    markets. In the past two months alone, former Soviet
                                                    include:                                                                                                      bags with ease as the bag top is Allison, Pacepacker Managing                  R-Biopharm Rhône Ltd.
  domestic/export use. This is the main factor                                                         demand. Some analysts think China may                          Chicago soya meal futures have increased U n i o n a n d                   Block 10 Todd Campus             Phone: +44 (0) 141 945 2924
                                                                                                                                                                  held at all times prior to sealing.    Director.
  in a tight world maize balance with global          The price relationship between maize             be stockpiling soyabeans along with other                      in value by almost a quarter, spurred on Canada may                        West of Scotland Science Park    Fax:    +44 (0) 141 945 2925
                                                                                                                                                                  The consistency of product “The new Pacepacker robotic                         Acre Road, Glasgow               info@r-biopharmrhone.com
  ending stocks currently seen at about eight       and soyabeans and its effect on next year’s        commodities amid fears that record                             not only by Chinese demand but by fears             also need              Scotland G20 0XA                 www.r-biopharm.com
                                                                                                                                                                  presentation that the system palletising solution provides
  weeks supply next September. Not all the          planted area. Maize has vastly increased its       internal food price inflation will accelerate.                 that a surge in maize acres next spring may to come up
                                                                                                                                                                  achieves eliminates the need accurate and reliable sack stacking
                                                                                                                                                                  for operator supervision.              on a pallet to within 0.1mm with

38 | november - december 2010                                                                                Grain  &feed millinG technoloGy                           Grain &feed millinG technoloGy                           PREVIOUS PAGE        NEXT PAGE                               november - december 2010 | 39

                                                                                                                                                                                                                                       mod.indd 1                                                                    06/10/2010 08:50
A sure eye for top quality. Forget about time-consuming sampling and expensive
laboratory analyses. Buhler NIR systems constantly monitor the quality of the raw
materials and end products – throughout the production process. A change in
quality is sensed within seconds, and the problem corrected without delay. You
can look forward to optimal flour yields, uniform quality, and profitable production.
We’d be glad to show you some potential applications, ideally during a personal
consultation.




Bühler AG, Grain Milling, CH-9240 Uzwil, Switzerland, T +41 71 955 11 11, F +41 71 955 66 11
milling@buhlergroup.com, www.buhlergroup.com




                                                                                               MYRF/MYRB DA NIR
                                                                                               online measurement
                                                                                               and control units
                                                                                               Versatility. Monitors protein, mois-
                                                                                               ture, ash, and other ingredients in
                                                                                               grains, semolina, and flour.


                                                                                               Real-time monitoring. Introduces
                                                                                               corrective measures into the on-going
                                                                                               production process with no need to
                                                                                               wait for laboratory analyses.


                                                                                               Guaranteed product quality. Pre-
                                                                                               cisely dispenses glue and other in-
                                                                                               gredients for uniform product quality.


                                                                                               Speck detection. A digital camera
                                                                                               identifies and assesses specks.




The solution behind the solution.
LINKS
This	digital	Re-print	is	part	of	the	November	|	December	2010	edition	of	Grain	&	Feed	Milling	Technology	magazine.		
Content	from	the	magazine	is	available	to	view	free-of-charge,	both	as	a	full	online	magazine	on	our	website,	and	as	
an	archive	of	individual	features	on	the	docstoc	website.	
Please	click	here	to	view	our	other	publications	on	www.docstoc.com.




 November                   2010                                                                    •	 See	the	full	issue
                        •	 New	dimension	in	
                           the	production	of	
                           hygienised		
                           feed	meal
                                                                                                    •	   Visit	the	GFMT	website
                        •	 Low-cost	


                                                                                                    •	   Contact	the	GFMT	Team
                           Near	Infrared	
                           Transmission	
                           grain	analysers	
                           for	farmers                                     In this issue:
                                                                   •     ‘Profiling’ Flours
                                                                          And Their Value
                        •	 Insect-
                                                                             To End Users
                           resistant	
                           packaging:	
                        	 - The last line of
                           defense
                                                                   •

                                                                   •
                                                                             Global grain &
                                                                              feed markets
                                                                                  Company
                                                                                                    •	   Subscribe	to	GFMT
                                                                           profiles 2010/11


 A subscription magazine for the global flour & feed milling industries - first published in 1891




To	purchase	a	paper	copy	of	the	magazine,	or	to	subscribe	to	the	paper	edition	please	contact	
our	Circulation	and	Subscriptions	Manager	on	the	link	adove.		




INFORMATION	FOR	ADVERTISERS	-	CLICK	HERE



 Article reprints
 All Grain & Feed Milling Tecchnology feature articles can be re-printed as a 4 or 8 page booklets (these have been used as point of sale materials, promotional materials for shows and exhibitions etc).
 If you are interested in getting this article re-printed please contact the GFMT team for more information on - Tel: +44 1242 267707 - Email: jamest@gfmt.co.uk or visit www.gfmt.co.uk/reprints




                                                                                                                                  www.gfmt.co.uk                      PREVIOUS PAGE

Más contenido relacionado

Similar a Globalfeed markets - November | December 2010

Similar a Globalfeed markets - November | December 2010 (6)

Globalfeed markets - March | April 2011
Globalfeed markets - March | April 2011Globalfeed markets - March | April 2011
Globalfeed markets - March | April 2011
 
Global feed markets - May | June 2010
Global feed markets - May | June 2010Global feed markets - May | June 2010
Global feed markets - May | June 2010
 
Global Feed Markets: November - December 2011
Global Feed Markets: November - December 2011Global Feed Markets: November - December 2011
Global Feed Markets: November - December 2011
 
Global Feed Markets: May - June 2012
Global Feed Markets: May - June 2012Global Feed Markets: May - June 2012
Global Feed Markets: May - June 2012
 
Daily livestock report feb 15 2013
Daily livestock report feb 15 2013Daily livestock report feb 15 2013
Daily livestock report feb 15 2013
 
Rasolofo Odr CIRAD 2010
Rasolofo Odr CIRAD 2010Rasolofo Odr CIRAD 2010
Rasolofo Odr CIRAD 2010
 

Más de Milling and Grain magazine

Más de Milling and Grain magazine (20)

Commodities - Grain and Feed Annual: 2016 Grain and Feed Annual Mexico
Commodities - Grain and Feed Annual: 2016 Grain and Feed Annual Mexico Commodities - Grain and Feed Annual: 2016 Grain and Feed Annual Mexico
Commodities - Grain and Feed Annual: 2016 Grain and Feed Annual Mexico
 
Industry profile: Lambton
Industry profile: LambtonIndustry profile: Lambton
Industry profile: Lambton
 
STORAGE - Safe T Homes® SAVE Lives
STORAGE - Safe T Homes® SAVE LivesSTORAGE - Safe T Homes® SAVE Lives
STORAGE - Safe T Homes® SAVE Lives
 
CEREALS
CEREALSCEREALS
CEREALS
 
New Panama Canal expansion sees grain transportation costs tumble
New Panama Canal expansion sees grain transportation costs tumbleNew Panama Canal expansion sees grain transportation costs tumble
New Panama Canal expansion sees grain transportation costs tumble
 
ROTARY BATCH MIXER - ACHIEVING PRECISE RATIOS FOR FEED SUPPLEMENTS
ROTARY BATCH MIXER - ACHIEVING PRECISE RATIOS FOR FEED SUPPLEMENTSROTARY BATCH MIXER - ACHIEVING PRECISE RATIOS FOR FEED SUPPLEMENTS
ROTARY BATCH MIXER - ACHIEVING PRECISE RATIOS FOR FEED SUPPLEMENTS
 
ARE SPROUTED GRAINS THE FUTURE?
ARE SPROUTED GRAINS THE FUTURE? ARE SPROUTED GRAINS THE FUTURE?
ARE SPROUTED GRAINS THE FUTURE?
 
Combustible dust control - part 2
Combustible dust control - part 2Combustible dust control - part 2
Combustible dust control - part 2
 
PREVENTIVE AND PREDICTIVE MAINTENANCE FOR OPTIMAL PERFORMANCE
PREVENTIVE AND PREDICTIVE MAINTENANCE FOR OPTIMAL PERFORMANCEPREVENTIVE AND PREDICTIVE MAINTENANCE FOR OPTIMAL PERFORMANCE
PREVENTIVE AND PREDICTIVE MAINTENANCE FOR OPTIMAL PERFORMANCE
 
How to maximise the life of your flaking rolls
How to maximise the life of your flaking rollsHow to maximise the life of your flaking rolls
How to maximise the life of your flaking rolls
 
“Wheat, Flour and… OCRIM’s 6th technical conference
“Wheat, Flour and… OCRIM’s 6th technical conference“Wheat, Flour and… OCRIM’s 6th technical conference
“Wheat, Flour and… OCRIM’s 6th technical conference
 
Commodities - MARKETS OUTLOOK
Commodities - MARKETS OUTLOOKCommodities - MARKETS OUTLOOK
Commodities - MARKETS OUTLOOK
 
CASE STUDY: 20% increase in production capacity
CASE STUDY: 20% increase in production capacityCASE STUDY: 20% increase in production capacity
CASE STUDY: 20% increase in production capacity
 
Industry profile: GRANDS MOULINS DE PARIS
Industry profile: GRANDS MOULINS DE PARISIndustry profile: GRANDS MOULINS DE PARIS
Industry profile: GRANDS MOULINS DE PARIS
 
STORAGE - Bentall Rowlands Storage Systems Limited talks grain storage
STORAGE - Bentall Rowlands Storage Systems Limited talks grain storage STORAGE - Bentall Rowlands Storage Systems Limited talks grain storage
STORAGE - Bentall Rowlands Storage Systems Limited talks grain storage
 
THE BALANCE OF POWER
THE BALANCE OF POWERTHE BALANCE OF POWER
THE BALANCE OF POWER
 
A NEW PROTEIN SOURCE FOR FEED
A NEW PROTEIN SOURCE FOR FEEDA NEW PROTEIN SOURCE FOR FEED
A NEW PROTEIN SOURCE FOR FEED
 
ENZYMATIC FLOUR STANDARDISATION
ENZYMATIC FLOUR STANDARDISATIONENZYMATIC FLOUR STANDARDISATION
ENZYMATIC FLOUR STANDARDISATION
 
FROM GRAIN TO BREAD
FROM GRAIN TO BREADFROM GRAIN TO BREAD
FROM GRAIN TO BREAD
 
Commodities - The other side of the story
Commodities - The other side of the storyCommodities - The other side of the story
Commodities - The other side of the story
 

Último

Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
lizamodels9
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
Renandantas16
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Dipal Arora
 
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
dollysharma2066
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
Abortion pills in Kuwait Cytotec pills in Kuwait
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
amitlee9823
 

Último (20)

RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors Data
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
John Halpern sued for sexual assault.pdf
John Halpern sued for sexual assault.pdfJohn Halpern sued for sexual assault.pdf
John Halpern sued for sexual assault.pdf
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
 
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 

Globalfeed markets - November | December 2010

  • 1. Digital Re-print - November | December 2010 Globalfeed markets - November | December 2010 Grain & Feed Milling Technology is published six times a year by Perendale Publishers Ltd of the United Kingdom. All data is published in good faith, based on information received, and while every care is taken to prevent inaccuracies, the publishers accept no liability for any errors or omissions or for the consequences of action taken on the basis of information published. ©Copyright 2010 Perendale Publishers Ltd. All rights reserved. No part of this publication may be reproduced in any form or by any means without prior permission of the copyright owner. Printed by Perendale Publishers Ltd. ISSN: 1466-3872 www.gfmt.co.uk NEXT PAGE
  • 2. News November - December 2010 COMMODITIES GLOBAL GRAIN & FEED MARKETS Every issue GFMT’s market analyst John Buckley reviews world trading conditions which are impacting the full range of commodities used in food and feed production. His observations will influence your decision-making. US crop setbacks revive bull market NKS speed up transport operations with Wheat bulls are also However, without the stock cushion The quality factor RDS on-board weighing T being driven by events in the available to wheat consumers HE PAST year looks likely to crops in the FSU, recently planted late and in some maize market where what next summer, the maize market has kept prices of go down as an unlucky one areas under dry conditions. Concerns also persist was once expected to be may remain sensitive to upward N in terms of crop weather – about the adequacy of better quality milling wheat a record US or crop has been More until it has : t h K illingholme commercial sale of goods to r e s p o n d e d q u i c k l y a n dpressures inforMationsome firm North American for northern hemisphere supplies after this year’s wet harvest problems repeatedly S trevisede down,K S ) MID Class Y(b) and OIML effectively to any questionpointers to a significantly bigger orag (N Sheila Diaz grain producers at least. Barely had in Canada, Germany and, in the last few weeks, threatening r o v i d e o e - Class R51 & ahead, despite an or support issue. p a much tighternthan expected yearR76 standards apparently looser (than world cropRDS the way. The interesting on Technology Ltd hard wheats fairly markets begun to start settling down Australia too. On the bright side, EU autumn stop storage and logistical and n d at N K S US) stock/usel ratio“The loader operators get on here is that forward maize futures end-season balance – for US a world the i s c u r re n t y of about 15%. The anomaly Cirencester Rd, after the past summer’s crop shocks wheat planting appears to have gone well with maize markets. This situation takes on added conjunc tion w it h well withUS , RDS systemactually Minchinhampton, Stroud, solutions, including Customs- used in problem is that, outside of the the most are and showing a discount to current strong in the past in the former Soviet Union, Canada adequate moisture on an expected larger area. The approved warehousing for a among of thesetsupposedly ‘surplus’ maize operation as we (the reverse United situation for importance in a year when maize we ighbridge , o e nsure in such an stocks months GL6 9BH, of the Kingdom and Europe than a fresh drought worry odds might also be on the side of a better growing other feed grainss– has lbeen expected to are held inreducing havereserves and so wheat). DoesTel: +44 1453 733300 markets b u l k p r o d u c t i n c u d i n g accurate loading, China’s strategic here it certainly helps this suggest that the month with Dark emerged to threaten recently-planted season here in 2011 after two years of weather the of truck s spend on our aim of achieving a quick help fill gaps left by the absence of millionstime inaccessible to the global market. On top think the US Email: can come to the rescue agricultural feed and grain. crop info@rdstec.com US winter wheat crops for harvest in challenges. India also has a big wheat surplus from tonnes of Russian and Ukrainian feed wheat, of that, many analysts vehicle turn around.”next year? Website: www.rdstec.com site, increasing accountability think China’s crop Northern Spring 2011. a record crop, some of which it might want to Based mention tight world barley and to speed up othe not to in North Lincolnshire, supplies a n d s t c k There is still time for rains to improve this export at the best world prices seen for years. too. rEven m i n g h a m d oofkbigger maize operation.are n e a I m the prospect c s , complete estimates 14% offered fob situation – but a shaky start for a much-needed The Indian government is torn between taking cropse r o u s p r o d u c Chinarand aTdecentg h considerably e n u m in Argentina and t s a e h ro u u se o f t h bumper crop from the world’s largest wheat advantage of the best world wheat prices seen for Ukrainian from across he telemetry link option receivedharvest have been tovershadowed over-rated Gulf as high as exporter is the last thing anxious consumers want years and a temptation to keep stockpiling staples w the , crop outcome t h e n in the Loadmaster,tNKS by o r l dUS s t o r e d a n d which was all the a n d hat to hear about. Fortunately, the offsetting factor we like wheat and rice to combat its own rising food more surprising after a yearthe supposedly the to phase screened or blended to of are looking world’s $376/tonne at one have highlighted in recent issues still applies: the price inflation. But while world wheat stocks are idealtgrowing conditions. Ironically, last year’s weighbridge c u s o m e r ’s re q u i re m e n t s out t he second US has a huge carryover stock of wheat to take likely to remain large when the next season starts weather-plagued harvest – and consequent a nlargesti m p l y d s maize stage, its most into the next season, for a second year running. in mid-2011, markets are already looking further send load data long growing season – actually turned out producer and US farmers are also thought to be planting a lot ahead, to the possible scenarios for 2011/12. If the highest US maize yields ever seen. The d i r e c t f r o m consumer expensive since more winter wheat this year which may help offset next year’s world crop again under-shoots targets, response of markets to this shock has been t h e become a will l o a d e r any yield penalty from poor crop establishment. stocks will clearly be much tighter by mid-2012 dramatic with the leading Chicago futures big the office to importer August 2008 and However, this hasn’t stopped speculative buyers, and less able to supplement supply for a third exchange soaring by up to 80% from its w this grainof h e r e a egged on by a weakening dollar and constant talk year. This concern is already reflected in a recent summer lows recently, pushing up prices printed in the not Canadian Western of food price inflation, renewing their investment 12% premium on Chicago new crop (September ticket will be across the global feed grain sector, including too distant in rising wheat prices. As well as the US crop 2011) futures over the current delivery month. the European feed and even milling wheat automatically future. More Red Spring wheat situation, the wheat market still faces a highly Clearly US, FSU and European crops will have to markets. Possibly there is an element produced. encouragingly, uncertain outlook for next year’s winter wheat demonstrate that they are up and running under of over-reaction to the US maize supply T underi present his s due prices also near reasonably normal conditions before being sent outprices do appear to forward the equation as these high again. to go live later in before the wheat market can begin be causing a sharp cutback in import demand, p r i c e s ther Total capacity of the NKS site year and will fur o f two-year highs. to relax over forward supplies. In especially from the big Asian feed consumers. maizeat io n al is over 250,000ft² and around im prove o pe r versus fact, wheat prices may not fully a million tonnes feed, ethanol, productivity. However, total US of different food and other crops settle down until mid-2011 when industrial demand, which accounts N KS have used RDS product is turned around for 85% like soyabeans the harvests start to come in. each year. To is showing up weighing systems for of crop disposal,help speed no signs yet of and cot ton In the meantime, weather will ‘price-rationing’ as processors push up prices years taseShaun this oper ation, N KS have over 20 – h US take on even more importance invested in two to compensate – so the t , w i l l p l a n t of their products Loadmaster Dannat Warehouse than usual and speculators will stock/use ratio a r d likelyi drop g historical e ra lot more 9 0 0 0 i o n b o will w e g h i n to M a n a g at NKS be watching like hawks for any systems from – equalNor th four x p l a i n s , of We main lows of under 8% RDS to just e weeks “ its h ave problems in a major producing Eastern Ltd for use on their received nothing but supply. Given the pre-eminence of the US in coarse grain country, guaranteeing a swift export trade for this grain, the world maize for vice vest t wo Volvo L120 F wheeled excellent ser har and upward response from prices. markets will also be tightly balanced in the support 0 1 1 . loaders. product i n 2 from The Loadm a ster 9 0 0 0 i is RDS Nor t h E astern , trade -approved for the w h o h a v e a l w a y s 34 | november - december 2010 Grain &feed millinG technoloGy Grain Grain &feed millinG technoloGy feed millinG technoloGy november - december 2010 | 5 november - december 2010 | 35
  • 3. “The quality of the machinery we manufacture is only as good as the Commodity highlights - export campaign to non-EU countries). Russian winter grain planting has some nagging concerns as we go to press about rain spoiling quality for the successful buckets in them – which is why Wheat needs a weather break As recently as the start of October, world undoubtedly got off to a difficult start in some, but not all, regions under frequently eastern harvest. Argentina is meanwhile enjoying a significant crop recovery from we choose Tapco. ” wheat prices had dropped by about 20% dry conditions. Final wheat harvest area may last year’s drought spoiled crop and latest Gustaaf Zeeman from the two-year highs of August when struggle to reach last year’s level, or even dip official estimates suggest it will raise wheat Managing Director the full extent of Russia’s crop problem was well below. Ukraine and Kazakhstan have exports by several million tonnes. Both EUROPEAN MACHINE TRADING driven home by its total ban on exports. fared better with winter planting while all Australia and Argentina are already selling ’t Zand, Noord-Holland, Since then, however, uncertainty over 2011 three might be expected to raise spring their crops forward and helping to keep The Netherlands crop prospects has not only dragged prices wheat area – although the latter crops will world wheat export costs under control. Janco Zeeman most of the way back but pushed forward yield less than winter wheat. Overall, it So too is Canada, despite its smaller 2010 Technical Director prices to even higher levels. Will wheat go might be reasonable to expect, that with crop and a lower proportion of high quality higher still, or is this an over-reaction fed better yields than last year, the ‘Black Sea’ milling wheat after a damp summer. Recent partly by renewed speculative buying? producers could yet get reasonable 2011 Canadian Wheat Board reports suggest only crops. However, their 38% of spring wheat made the top two grades stocks will be low after although some miller customers are reported this year’s crop failures to be accepting the different mix without so export prospects for major problems. the region remain highly The quality factor has kept prices of North problematical for 2011/12. American hard wheats fairly strong in the Russia has implied that it past month with Dark Northern Spring 14% might extend its export offered fob Gulf as high as $376/tonne at one ban well into next season stage, its most expensive since August 2008 but this message – aimed and Canadian Western Red Spring wheat Looking at the key factors on the supply partly at cooling its domestic market - could prices also near two-year highs. The search side as we go to press, there is positive and be taken with a pinch of salt at this early for cheaper alternatives has also seen US negative news. Dry weather has raised the stage, especially if weather does improve Hard Red Winter wheat dragged up to as risk of lower US winter wheat yields but rain in the main growing season. Readers will much as $305/tonne fob Gulf although soft in the forecast might just get enough crops also recollect that prior to this year’s crop milling wheat prices have been more erratic, established before dormancy, allowing this disasters, the Black Sea producers were absorbing the volatile trend in Chicago year’s higher planted area to still turn in a gearing up for a major, long-term expansion in soft wheat futures with the ebb and flow decent harvest. their export programmes, targeting markets of speculative money and other ‘outside’ Europe’s crops have mostly gone in on around the world traditionally held by the influences. Currently soft wheat is enjoying time under favourably moist conditions on US, Canada, Europe, Australia and Argentina. some support from the poor start to next A lot of investment has year’s US crop, pulling export prices up close gone into these plans and after this year’s sales to those of HRW wheats – despite a lack of interest in US soft wheat from the world’s How Tapco Buckets Help Maintain a Family Tradition of Quality cancellations, the Black buyers and ample stocks of these. EU prices Sea countries need to have meanwhile come well off their Aug/Sep demonstrate as soon as highs but with exports rapidly eating into possible that they can be stocks and months of weather uncertainty For more than 90 years, European Machine Trading has maintained our products. When you make a machine, the components you reliable suppliers. It would ahead, a prolonged price fall looks less likely their reputation as a high quality, family-owned business. In 1988, select must be the same quality, which is why we chose Tapco buckets.” not be surprising, then, to at this stage. the former feed mill decided to “The polyethylene Tapco Super EuroBuckets are strong, which is see at least the start of a Key factors influencing the wheat manufacture elevators, transport significant comeback from important to fertilizer plant managers. They are tough enough to handle market in the months ahead will conveyors, bagging machines heavy loads, yet flexible – so they absorb impact, bypass obstructions these suppliers in 2011/12 include: ® and other equipment for feed and return to their original shape. And, they don’t rust!” if the weather favours mills, fertilizer plants and dealers. a probable larger area. Stocks will be much them between now and mid-2011, especially Weather in the US, Europe and the former STYLE SUPER EUROBUCKET However, one thing stayed the With 900,000 buckets in 92 sizes – stocked throughout the tighter than usual at the close of the season from Ukraine – but not at last year’s low, Soviet Union HEAVY DUTY Polyethylene Elevator Bucket Polyurethane • Nylon same...quality. world – Tapco has what you want, when you need it. Find but, given more normal weather in 2011, low prices. Wheat importers’ response to high prices supplies could still be more comfortable Among other key suppliers, Australia has The level of speculative demand, linked out why 75% design engineers, contractors and bucket “Our company has been built on quality,” Gustaaf Zeeman of in the following season when Germany, had drought problems in its Western half to currency and broader ‘macro-economic’ elevator manufacturers in the U.S.A. specify Tapco*. European Machine Trading says. “And quality is what we want in hopefully may return to its role of top EU offset by a terrific crop in the southeast, trends FANGED HEAD quality wheat supplier. (Though France seems resulting a big national harvest estimated Elevator Bolt to have done much better with both crop around 22.5/23.5m tonnes for the third Maize balance tightens again quality and quantity this year than early year running. With comfortable starting ELEVATOR BUCKETS - ELEVATOR BOLTS reports suggested, helping to keep domestic stocks that suggests a probable rise in A smaller than expected US crop has millers supplied as well as backing a strong export availability. However, there are been driving the maize market sharply +1 800 288 2726 • +1 314 739 9191 www.tapcoinc.com *Grain Journal, Country Journal Publishing Co., Inc., Decatur, Illinois, U.S.A. The color blue, when used in connection with elevator buckets, is a U.S. registered trademark owned by Tapco Inc. © 2010 Tapco Inc.® All rights reserved. 36 | november - december 2010 Grain &feed millinG technoloGy
  • 4. COMMODITIES higher in recent months along with renewed news is gloomy though. Second largest maize value in recent months, suggesting to some Others that livestock and poultry demand take US farmland away from soya. In effect, with better crops of rapeseed and/or concerns about the strength of demand from exporter Argentina is expected to raise observers that it could gain up to 5m more there is simply growing much faster than soyabean prices have to rise, regardless of sunflowerseed next summer - under strong the corn ethanol industry and, not least, output to 25m tonnes and could increase acres next spring, opening the way for a expected and a fast expanding Chinese their own supply and demand, simply to competition from lucrative cereal crops – to a resurgence in speculative buying on the exports by 5m. Exports are also seen rising potential 355/360m tonne crop next summer crushing industry wants to benefit from defend their share of acreage. help keep frisky oilmeal prices in check. Like futures markets caused by renewed, strong from Brazil, Serbia, South Africa and Ukraine. – even if this year’s rather disappointing yields good margins. Whatever, the real reasons Soya prices have also been driven the cereals, oilmeals will be very weather- downward pressure on the US dollar. The Less encouragingly for other consumers, were repeated (far more if the high 2009 – probably a combination of the above - higher by a smaller than expected crop sensitive markets in the months ahead. latter trend accelerated in November after some analysts still think estimates of China’s yields were achieved). That could feed higher US crop estimate Key factors influencing the oilmeal the US government decided to print another crop at 168/169m tonnes are far too high and demand and still raise those low US ending from the USDA markets in the months ahead will $600bn to try to kick start its ailing economy, that record prices for corn on its domestic stocks by at least 50% during 2011/12. But it’s in November at include: stoking fresh fears – on US and global market are a sign that significant imports will all a long way off at this stage with a world 91.9m tonnes – markets – that this would trigger hyper- be made in coming months with potential of weather – and soya pricing – possibilities still a record high Chinese demand – can it continue at inflation. In predictable fashion, managed funds and other speculators responded to firming effect on world maize prices. World import trade for maize has actually in between. The progress of US ethanol demand for News November - December 2010 but at this stage record levels? seen inadequate Latin American crop weather – will it the latest influx of ‘cheap money’ by rushing not grown much this season, despite the corn, related to the rate of blending, legal to cover foreseen stay favourable in a normally drier ‘La Nina’ to invest in commodities – metals, coffee, shortages of Black Sea feed wheat as most challenges and the relative price of ethanol d o m e s t i c a n d year? sugar and, not least, agricultural markets as of this season’s 23.6m tonnes increase in v convential fuel, all of which will affect export demand Estimates of EU winter sowings for an inflation hedge, leading to huge swings world maize consumption is taking place producers/blenders profit margins and without taking rapeseed – a crop rebound would help, in “ T h e To t a l B a g Co n t ro l no human intervention. More inforMation: in countries producing consumption of maize. stocks down by the FSU too System has proven to be highly “The robots provide a perfectly it. The biggest increase Import demand for US maize has slackened about two million The relative Wilkinson Paul value of maize and soyabeans efficient and, coupled with the presented pallet every time and Business Development Manager of all is in the US (+10m markedly in recent weeks with buyers traders have been rattled by the fact that tonnes. Even then, at some five tonnes, at US planting time next Apr/May and, no installation of three Pacepacker have minimal moving parts, which Pacepacker Services Ltd tonnes), over half of that turned off by these sky-high prices. Will Chinese demand has shown little sign of these will not be tight unless China keeps up less important, spring weather – rain- palletiser robots, we have been reduces the room for error and Tel: +44 1371 811544 in the still expanding that continue, freeing up a little more end- slowing down even as soyabean prices its frenetic buying pace. Other importers, delayed maize +44 1371 811621 Fax: planting can often lead to able to reduce our packing the likelihood of breakdowns. ethanol industry. The season stocks? have reached their highest level in over it might be noted, are not expanding their higher soyabean paul.wilkinson Email: areas. staff by 40 percent, relocating Subsequently I’Anson’s operator and food versus fuel debate Latin American crop outcomes and planting two years. However, a third view is that soya demand much. The EU is seen shipping The level of @pacepackerservices.com in speculative activity them elsewhere within the maintenance intervention has been simmers on in the US weather in the Northern Hemisphere. China is deliberately contracting for more in 600,000 more beans than last year with commodityWebsite: www.pacepacker.com to Dennis Allison, markets in general, linked operation,” adds Mr I’Anson. reduced by 90 percent,” he adds. where the government The trajectory of the US dollar. Further USPacepacker Managing soyabeans than it actually intends to much smaller gains spread across a number the dollar, global economic trends energy agency recently weakness will spur more speculative demand Director take delivery of, as insurance against any o f An automated A s i a n recommended a higher for commodities including grains and problems occurring with recently-sown a n d L a t i n new Total Bag Control System solution in day-to-day prices on both futures and ethanol blending rate for newer vehicles soyabeans – on both sides of the Atlantic. Latin American crops. Some think China American we have been able to virtually Pacepacker, a robotics systems physical markets. Naturally, any commodity although US food manufacturers and livestock 2989w could cancel some of these shipments if the countries. eliminate sack waste and integrator who has installed with a firm physical backdrop – and maize is producers are currently mounting a legal South Americans get normal weather into That said, totally eliminate customer 400 palletising systems over one of them – becomes a star attraction to challenge to this. There is also a question the New Year, as it has done in past years. the immediate these ‘outside’ interests. over whether tax breaks should continue to Oilmeals – prices up with complaints regarding product the past 15 years, now use the Oilseed and meal markets have also been onus is now New That firm backdrop for maize has tightened for ethanol blenders, enabling them to use presentation,” says Mr I’Anson. latest FANUC robots as part lifted by this year’s rather disappointing h e a v y on Simple pushbutton further in the past two months as the US maize bio-fuel even when it is more expensive grains, China demand but no Pacepacker have overcome of their automated solution. world oilseed crops which have resulted in South America the problem of heat sealing or Installed at the I’Anson plant for digital results! than petrol. To the shortage zero growth in supply for 2010/11 – a season t o prod u ce stitching difficult to handle sacks is a FANUC M-410iB series surprise of many in when global crush demand for oilseeds is another large with a system which supports robot, which offers four axes RIDA®QUICK SCAN the industry, soya Oilmeal prices have risen sharply since our still expected to rise by at least 17m tonnes. soya harvest and guides the bag throughout and payloads ranging from bio-diesel tax breaks last review, partly in response to strength in The good news is that the oilseed market in in the spring the process so that a perfect 140 to 700kg, as well as a high were not renewed cereal markets but mainly due to voracious total is still in ample supply in 2010/11 after of 2011. So far seal is achieved every time, the performance R-2000iB series when they expired demand from one outstanding importer. last season’s output exceeded crush by a the news from Total Bag Control System. robot with a payload from 100 last year, leading to The top world soyameal consumer China well-above trend 50m tonnes. Although a this region is The system’s motorised grip to 250kg. a huge drop in usage has been buying up US soyabeans as if there lot of this has gone to direct food use in encouraging arms move around the bag as it “A s a FAN UC str ategic of soya for this were no tomorrow, putting the latter’s sales Asia, it has still added at least 16m tonnes w i t h l ar ge r is released from the spout clamp, par t ner wit h a 15 ye ar purpose. However, to all destinations far ahead of the pace to world carryover stocks which reached than expected where a pair of fingers either relationship, P acepacker most in the ethanol needed to meet seasonal forecasts. Some a hefty 72m tonnes at the start of the are a s being stretch or reform the gussets brings unrivalled specialist and grain industries traders even suggest this could leave the new season on September 1. Most of this sown and rains of the bag, to close it and hold application experience, which crop – usually expected to supply over half regard the renewal of the corn ethanol USA’s own crushers and meal users short carryover is soyabeans, but about 7.5m is coming just in it in its formed state. These only a system integrator the world’s maize exports – has shrunk blending subsidy at the end of 2010 as a before the next crop arrives in September rapeseed. Even with flat growth in total time to break arms are then driven toward the can, to devise a solution from an estimated 334m to just 319m foregone conclusion, despite its unpopularity 2011. oilseed supply, these mammoth stocks are drought s in sealer, transferring the bag into a from an initial layout to one tonnes, leaving the domestic market in a in these straitened economic times. USDA data shows this is the second not expected to dip appreciably in 2010/11. B r a z i l a n d powered twin-belt feeder, making which includes purpose built 22.4m tonne deficit. US carry-out stocks (at Key factors influencing the maize season running that Chinese soya meal However, this this hasn’t stopped oilmeal Argentina. it possible to handle even the most end-effectors and control September 30 next year) will halve to a tight consumption will show growth approaching prices joining the renewed upturn in grain Europe, the market in the months ahead will unstable products and thin flimsy programs,” explains Dennis 21m tonnes – about three weeks’ supply for 20% , accounting for a quarter of all world markets. In the past two months alone, former Soviet include: bags with ease as the bag top is Allison, Pacepacker Managing R-Biopharm Rhône Ltd. domestic/export use. This is the main factor demand. Some analysts think China may Chicago soya meal futures have increased U n i o n a n d Block 10 Todd Campus Phone: +44 (0) 141 945 2924 held at all times prior to sealing. Director. in a tight world maize balance with global The price relationship between maize be stockpiling soyabeans along with other in value by almost a quarter, spurred on Canada may West of Scotland Science Park Fax: +44 (0) 141 945 2925 The consistency of product “The new Pacepacker robotic Acre Road, Glasgow info@r-biopharmrhone.com ending stocks currently seen at about eight and soyabeans and its effect on next year’s commodities amid fears that record not only by Chinese demand but by fears also need Scotland G20 0XA www.r-biopharm.com presentation that the system palletising solution provides weeks supply next September. Not all the planted area. Maize has vastly increased its internal food price inflation will accelerate. that a surge in maize acres next spring may to come up achieves eliminates the need accurate and reliable sack stacking for operator supervision. on a pallet to within 0.1mm with 38 | november - december 2010 Grain &feed millinG technoloGy Grain &feed millinG technoloGy PREVIOUS PAGE NEXT PAGE november - december 2010 | 39 mod.indd 1 06/10/2010 08:50
  • 5. A sure eye for top quality. Forget about time-consuming sampling and expensive laboratory analyses. Buhler NIR systems constantly monitor the quality of the raw materials and end products – throughout the production process. A change in quality is sensed within seconds, and the problem corrected without delay. You can look forward to optimal flour yields, uniform quality, and profitable production. We’d be glad to show you some potential applications, ideally during a personal consultation. Bühler AG, Grain Milling, CH-9240 Uzwil, Switzerland, T +41 71 955 11 11, F +41 71 955 66 11 milling@buhlergroup.com, www.buhlergroup.com MYRF/MYRB DA NIR online measurement and control units Versatility. Monitors protein, mois- ture, ash, and other ingredients in grains, semolina, and flour. Real-time monitoring. Introduces corrective measures into the on-going production process with no need to wait for laboratory analyses. Guaranteed product quality. Pre- cisely dispenses glue and other in- gredients for uniform product quality. Speck detection. A digital camera identifies and assesses specks. The solution behind the solution.
  • 6. LINKS This digital Re-print is part of the November | December 2010 edition of Grain & Feed Milling Technology magazine. Content from the magazine is available to view free-of-charge, both as a full online magazine on our website, and as an archive of individual features on the docstoc website. Please click here to view our other publications on www.docstoc.com. November 2010 • See the full issue • New dimension in the production of hygienised feed meal • Visit the GFMT website • Low-cost • Contact the GFMT Team Near Infrared Transmission grain analysers for farmers In this issue: • ‘Profiling’ Flours And Their Value • Insect- To End Users resistant packaging: - The last line of defense • • Global grain & feed markets Company • Subscribe to GFMT profiles 2010/11 A subscription magazine for the global flour & feed milling industries - first published in 1891 To purchase a paper copy of the magazine, or to subscribe to the paper edition please contact our Circulation and Subscriptions Manager on the link adove. INFORMATION FOR ADVERTISERS - CLICK HERE Article reprints All Grain & Feed Milling Tecchnology feature articles can be re-printed as a 4 or 8 page booklets (these have been used as point of sale materials, promotional materials for shows and exhibitions etc). If you are interested in getting this article re-printed please contact the GFMT team for more information on - Tel: +44 1242 267707 - Email: jamest@gfmt.co.uk or visit www.gfmt.co.uk/reprints www.gfmt.co.uk PREVIOUS PAGE