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National & World Ag News Headlines |
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Rabobank: Asia, Africa Leads Grain-Oilseeds Demand; America Leads Supply
USAgNet - 05/05/2021
Global grains and oilseeds trade will continue to grow, strongly driven by rising demand from Asia and Africa and increased exports from the Americas and the Black Sea Region.
Political tensions, increased protectionism, and weather volatility will keep changing trade patterns.
Sustainability, policy, and consumer trends are expected to continue to incentivize growth of organic grains and diversification of crop production toward more pulses.
Rabobank just released its World Grains & Oilseeds Map 2021, showing trade flows across the globe and key insights for the sector from the last five years.
Its analysis reveals that, in this period, the global trade volume of all grains and oilseeds increased by about 120m metric tons at a 3.5% compound annual growth rate (CAGR).
However, the pace of growth decreased when compared to the 6% CAGR, or 160m metric tons, of the previous five years.
Although oilseed complex prices declined during this period, the upside in grain prices, coupled with the total trade volume increase, resulted in a 17% increase in the total value of flows.
Rabobank’s analysis shows Africa as the rising grains and oilseeds importer. The main agri commodities imported into the continent are wheat, corn, rice, soybeans, and palm oil.
Egypt has become a key importer of feed grains and oilseeds, driven by a large population and growing feed demand.
China’s rising feed demand is shifting grain and oilseed trade flows.
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