Market volatility… Economic crisis… What to expect in 2009?
“Farm financing crunch hits Argentine grains outlook… The uncertainty caused by the farmer’s credit crunch is being aggravated by a recent slide in global grains prices & severe drought across the nation’s central crop belt that has already cut forecasts for wheat, corn & sunseed output” Reuters, 26/9/08
“Riyadh outsources wheat industry…wheat imports will resume from spring 2009 & wheat production would be phased out completely by 2016.” www.meed.com, 3-9/10/08
“Russia predicts record grain harvest, plans sales to China” World-Grain.com, 27/10/08
Credit crunch & the global economic slowdown have seen commodities prices fall from its peak. However, while economic growth is slowing, demand for food & fuel will continue to increase even if producers cut back supplies. Christoph Kampitsch, who helps to oversee USD1.5 billion in hedge funds at Erste Group Bank AG in Vienna, said : “In 9-12 months, soybeans, cocoa, sugar and wheat will recover. People also need to eat.” (The Business Times, 8 Oct 2008)
The demand & supply balance of most grains & oilseeds suggest that once this selling is over, prices will bounce sharply back. (22 Oct, Resource News International via COMTEX)
With oil price sliding, how will it change the biofuels program worldwide? What is the impact on agriculture commodities?
So much of uncertainties on where the market is heading! CMT’s World Grains Trade Summit will bring together top panel of experts to discuss pertinent issues during volatile times. This will be an excellent opportunity to network with global players & clarify your doubt at one venue.
Key reasons to attend
• Assess Asia’s impact from global economic downturn
• Evaluate factors impacting the global biofuels industry - are there links to the crude oil prices?
• Hear from the experts like Bunge, Toepfer& Agrocorp on how to move the business forward.
• Find out the long term prospect for agriculture & major commodity group till 2030 & the diversion of grains to energy crops
• Gain first hand insight from SMX on the launch of the Commodity Exchange in Singapore and find out if the center of commodities exchange will shift to Asia
• CME will provide an update on the role that exchanges play in the grain industry & safety of transactions in the current financial crisis.
• Ascertain the grains demand/supply outlook in Asia, Middle East/Africa, Ukraine, Iran & Australia
• Update from Fund managers if agriculture commodities is still a worthwhile investment
• Meet major importers/end-users like MAFF Japan& TTET Union Corp to find out how they are responding to market volatility
• Risk Management solutions will be especially important during an uncertain times
• Review the potential for animal feed markets with pending economic slowdown
• Freight rate forecast with the collapse of the dry bulk index
World Grains Trade Summit is the ONLY event you need to attend to chart your strategy for 2009 & beyond. Register with your team today at www.cmtevents.com for group discount.
You Will Network With
• Traders / Brokers • Importers • Flour and Feed Mill Procurement Officials • Commodity Trade Finance Professionals • Dry Bulk Shipping Executives • Milling Technology Vendors and Agents • Grain Port (Load and Discharge) Officials • Fumigation and Maritime Services Professionals • Testing and Certification Professionals • Food and Feed Industry End-Users • Industry Buyers • Commodity Exchange and Risk Management Specialists
For more information, please go to https://www.futureenergyevents.com/worldgrains/attend
