Global Grains Trade Summit 2010 to Take Place in HCM City late June
Asia is clearly redefining the balance of power in grains trade. The Asian region is leading the charge with unprecedented imports across major grains to manage food security. Be it inter regional and ASEAN trade agreements, or imports from major producers outside of Asia, the combined buying power of Asia is here to stay.
In addition, the current El Nino phenomenon has brought massive crop damage and shortfalls across the world. Stockpile security has become paramount to manage food security, and prices remain uncertain. With the changing weather patterns resulting in massive changes in supply and demand, there is a need to determine how to overcome the volatility in the market.
The Global Grains Trade Summit 2010 which will take place in Ho Chi Minh City, Vietnam on the 28 – 29 June 2010, shall focus on 5 major grains: rice, wheat, corn, soybean and barley with the aim of providing a platform for buyers, importers, exporters and traders to get the latest market updates, assess trade opportunities, and leverage tools to minimize trade risk.
Meet and hear from leading Government representatives from the Ministry of Agriculture and Rural Development Vietnam, as well as the Department of Agriculture, Republic of the Philippines, and BULOG, Indonesia. Major buyers and traders will also be in attendance, including U.S. Soybean Export Council, MMTC Transnational Pte Ltd, The Scoular Company, Amira Foods (India) Ltd, Asian Peninsula Corporation Ltd, Herba Bangkok S.L., Agrocorp, Ark Bio Sdn Bhd / Cosmo Biofuels Group, International Jatropha Organisation, Tecon Rio Grande, PT Japfa Comfeed Indonesia, and more.
With a spotlight on the Rice trade, along with focused sessions on key issues such as the demand and supply outlook for rice, wheat, maize, and soybean; the market profile and opportunities across major grains; major buyers (Philippines, India, Africa, Egypt, Japan) market scenario; and Government policy updates and recent developments in G2G trade agreements, the Global Grains Trade Summit 2010is gearing up to be a key opportunity for the grains industry to get the latest updates on what lies ahead in the market.
WHY VIETNAM?
Vietnam is one of the largest exporters of rice and one of the biggest importers of feed meal in Asia. The country has 241 feed mills that produce 5.2 MMT commercial feed, and the total demand for raw material has increased to 7.8% from last year to 19 MMT, of which soybean meal imported from India, Argentine, Brazil and USA accounts for 2.6 MMT.
Vietnam is a big user of alternative products such as DDGS, of which imports have experienced 60% increase from last year, and tte country currently imports 45% of its wheat requirement of 1.05 MMT from Australia, 24% from Canada, 17% from China, 10% from USA and the rest from Argentine and Brazil.
Also, Vietnam’s agricultural economy drives the country’s growth, and the country has one of the fastest GDP growth rates in Asia (3rd ranked after China and India) and membership of the WTO since 2006 has seen huge trade developments and a flourishing agribusiness export / import industry for the country.
CONFERENCE HIGHLIGHTS:
· Keynote address by:
o Ministry of Agriculture and Rural Development, Vietnam
o Department of Agriculture, Philippines
· Spotlight on Rice trade
· Market profile and opportunities across major grains
· Major buyers market scenario – Philippines, India, Africa, Egypt, Japan
· Demand and supply outlook for rice, wheat, maize, soybean
· Government Policy updates and recent developments in G2G trade agreements
· Trader’s panel discussion on price outlook
· Buyer’s forum on demand trends, consumption patterns and implications for new trade
· Price risk management and trading Strategies
7 REASONS TO ATTEND:
1. Focused sessions on evaluating trade opportunities across major grains
2. Get the latest on demand and price forecasts, and assess impact on your trade strategies
3. Network with top government officials, and senior decision makers representing exporters, importers and traders
4. Understand and manage trade risk in today’s environment
5. Successfully apply hedging strategies to manage price risk
6. Up to the minute forecasts from major buyers markets – Philippines, Vietnam, India, and top grains export sectors from the US
7. Proven ground for deal making and establishing new contacts
WHO SHOULD ATTEND:
• Traders, Exporters and Importers across all grains • Grain Producers • Large MNC Commodity companies • Flour/ wheat/ rice millers • Feed millers • Freight & shipping • Breweries • Trade bodies, Industry Associations and Chambers of
Commerce • Commodity exchanges • Storage, Warehousing and Logistics service providers • Milling equipment providers • Testing and Certification agencies • Government / Policy makers • Investors / Funds monitoring grains markets • Banking and Finance
Visit the Global Grains Trade Summit 2010 website at www.globalgrainstrade.com for more information on the expert speaker line-up and full conference agenda, or contact Ms Eileen David, IBC Asia (S) Pte Ltd ([email protected] / +65-67321970). for more information on the expert speaker line-up and full conference agenda, or contact Ms Eileen David, IBC Asia (S) Pte Ltd ( / +65-67321970).
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