Global feed markets - November | December 2009

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Digital Re-print - November | December 2009Feature title: Global feed markets

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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 2009 Perendale Publishers L td. All rights reserved. No par t of this publication may be reproduced in any formor by any means without prior permission of the copyright owner. Printed by Perendale Publishers Ltd. ISSN: 1466-3872

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GLOBAL GRAIN & FEED MARKETS

Every issue GFMT’s market analyst John Buckley reviewsworld trading conditions which are impacting the full range

of commodities used in food and feed production. Hisobservations will influence your decision-making.

AFTER nail-biting delays to

sowing in the late spring

and early summer, the all-

important US feedgrain

and soyabean crops were blessed

with mostly favourable weather in

August and September, even avoidingthe hard, damaging frosts that often

occur in October. Crop analysts began

to prepare for record yields and output,

some even talking of a possible supply

glut which, at a time of lackluster

demand from US and overseas livestock

industries, might have pushed down

prices of inputs across the feed sector.But in October, that incredible run of

luck finally began to run out as theheavens opened and some of the major

states found ripening harvests sitting

under some of the wettest conditions

on record for this time of year.

Fortunately for consumers, crops so far have

weathered the ‘Monsoon’ autumn remarkably

well – possibly because the late start to sowing

had also put maturity in many of the affected areas

at a record slow pace – so many crops were well

off ‘harvest-ready’. Nonetheless, as this issue

goes to press with less than half the soya crop

gathered and three quarters of maize still in the

field, the ultimate size and quality of the 2009 US

feed crops still hangs in the balance.The US ‘weather market’ has had a dramatic

effect on prices across the global gr ain and feed

sector in the past month, hauling them up from

the September lows – even dragging wheat value

higher in the face of huge – and still growing -

supplies. The strength has spilled into European

markets where farmers and their customers h ad

been in a standoff for week s amid differing views

on grain value. However, this is no runaway bull

market yet, not least because consumers are not

yet chasing it up.

For maize and other coarse grains, the key

restraint is slack US demand from the livestock

sector, partly down to weaker meat export trade,

partly due to the recession within the US itself.

World import demand for maize has fallen right

off at the higher prices, with b uyers waiting for

the full harvest flush to

bring better bargains – or

switching to still abundant

and relatively cheap feed

wheat.

Against that, the still

relatively cheap price

of maize and the rally in

crude oil prices over the

late summer months does

now seem to be breathing

fresh life into the ailing US

For maize and other

coarse grains, the

key restraint is

slack US demand

from the livestock

sector, partly down

to weaker meat

export trade, partly

due to the recession

within the US

itself. World import

demand for maize

has fallen right off

at the higher prices,

with buyers waiting

for the full harvest

flush to bring

better bargains

– or switching to

still abundant and

relatively cheap

feed wheat.

US feed harvests inrace against weather

Gain&fd illinG thnlGy32 | november-december 2009

COMMODITIES

corn ethanol industry, already tipped

to take an extra 12.7m tonnes this

season. Strong ethanol demand that

could help push up the cost of maize

is not welcomed by the main outlets

in the feed sector.

However, it will

at least increase

s u p p l i e s o f

by-products,

dried distillers’

grains, for the

more traditional

users.

For soya thema in anchor

on prices is

the prospect

of record Latin

American crops, already being sown this

autumn at a fast pace which, if the weather

cooperates, could land an extra 30m tonnes

on the market early next year. Who will take

all the extra meal? China may be a voracious

soya buyer but demand will need to pick

up in Europe, Asia, Latin America and the

US itself to prevent prices easing into first

half 2010.

Wheat, which relies on feed demand

for about a sixth of its global co nsumption

has been forced to follow the firmer price

trend inspired by US weather threats to

maize and soya. Prices at the top end of

the milling wheat market are also being

pushed up by less than stellar quality from

much of this year’s North American hard

winter and spring harvests, often carried

out under damp conditions, by the collapse

of Argentina’s breadwheat exports. Much of

the export demand for wheat, especially in

the US market, is also tending to focus on the

hard and better quality wheats, helping to

push prices up and widen quality premiums.

That said, fundamentals offer no real support

to the soft wheats that make up the largest

share of world production. These are once

again in huge supply – in the US, the EU and

the former Soviet countries.

Prices of feed and milling grains have

also remained under the strong influence

of ‘outside’ markets during the last quarter

during which a constant barrage of conflicting

economic news has driven equity and

commodity markets both ways. A pivotal

factor has been the weak dollar, running at its

lowest level against other major currencies for

well over a year and along with still relatively

cheap freight rates offering consumers in

most of the big wheat and feedgrain consumer

countries a good deal at these prices.

For the ‘macro markets’, the big question

is whether US currency weakness (which

could paradoxically increase as the US/

world economy recovers) and the huge

US, European and Chinese fiscal spending

programmes of recent months will ultimately

translate into hyper-inflation down the road.

Banks and investment houses are constantly

touting this theme, many betting on higher

prices of grains

and other key

commodities in

later 2010/early

2011. They have

the funds and

the muscle to

help bring about

these prophecies themselves but not to

hold markets up indefinitely if the supply/

demand fundamentals turn against them.

Early pointers to supply for 2010 suggest

world wheat area will – as we’ve indicated

in recent issues - decline in the face of

low prices. Maize sowings might lose outfurther to soyabeans, in the US and South

America, as the price ratio between the

two remains wider than usual. However,

for the Northern Hemisphere producers,

many of these potential shifts will not be

decided until second quarter 2010, when

sowing weather will be just as important as

grain/oilseed price ratios in deciding wheat

farmers grow.

Maize

– will US harvest avoid a

washout?

The US grows over 40% of the world’s

maize and accounts for 60-70% of exports,

making up the largest component of global

feed trade. Clearly, the size of the US crop is

key to feed costs around the globe. Markets

were reminded of that in October when

incessant wet weather and delayed crop

maturity kept farmers from harvesting what

could have been the biggest US crop ever.

Early in the month, many analysts felt USDA

was under-estimating this at just under

2007’s record 331m tonnes. By end-October,

however, estimates were starting to slide

toward 325m or less. Wet crops, lack of

Gain&fd illinG thnlGy november-december 2009 | 33




World import demand for maize has

slackened off in October, helping to keep

prices under control. This probably reflects

buyers waiting for the US harvest picture to

clear and, hopefully, prices to fall.

WHEAT – volatile prices but ...

... world crop keeps growing A large and growing supply surplus of on

the world market has not prevented the value

of wheat fluctuating over a wide range during

the past two months. Trader s blame several

factors, most emanating from the influential

Chicago soft red winter wheat futures market

where ‘outside’ investors – mainly speculative

funds – had sold the market heavily short,

anticipating prices would keep dropping.

As analysts began to see a bottom, even a

potential bounce, some warned the selling

had been overdone and the market began

to anticipate heavy ‘short-covering’ by the

funds to protect their exposure. This didn’t

happen immediately, because of the sheer

weight of supply from the recently harvested

and approaching Northern Hemisphere

wheat crops that make up the bulk of world

wheat output – underlined by still growingestimates of final production from bodies like

the International Grains Council and the US

Department of Agriculture. The funds and

other short sellers also needed a c atalyst to

encourage a change from selling the buying.

That eventually came from two factors. The

over-riding influence was a slumping US

dollar, raising the face value of grain exports

and, paradoxically, providing evidence that

the US economy was finally starting to come

out of recession – a potentuial stimulus for

in the USA. As we

go to press, US No

3 yellow corn for

export is quoting

over $187/tonne

compared w i th

$150 in September

but this is not a bad

price compared with

almost $195 earlier

in the year and over

$300 at the start of

last year. Buyers

are also getting a

bonus from the weaker dollar which has

knocked about 15% off the real cost for

many importing countries in the past year –

and from cheaper ocean freight rates over

that period (although these appear to be

hardening up in late October).

Maize prices may also draw support from

the lack of competition on world export

markets this year. Argentina – the normal

No 2 supplier – is facing its second poor crop

in a row (harvested early 2010) and will cut

exports accordingly. That is offset somewhat

by continuing improvements in exports from

Brazil where larger crops have been grownin recent years and stocks have built up

enough to expand exports if needed in the

year ahead. Brazil

tends to discount

the US price

too. However,

less competition

will be coming

f ro m f o rme r

Soviet countries,

where crops are

smaller. China,

often a bigger

export supplier

than Argentina

in the past, has

seen drought

trim about 10m

tonnes of its crop

this year and with

growing domestic feed demand already taking

up all the slack, is unlikely to figure much in

exports this season.

While exports may be down from other

maize suppliers, the US still faces potentially

stiff competition from feed wheat of which

there is still a lot available on the world

market – in CIS countries, Europe and North

America.

drying facilities and ever-present threats of

autumn freezes also raised questions about

how much of the crop would grade adequate

quality.

With many analysts predicting the harvest,

instead of wrapping up in October, will run

well into November, possibly even the New

Year in Northern states, an accurate picture

of size and quality is clearly some way off.

However, assuming that some promised drier

weather in coming month does allow the

bulk of harvest to complete, the US should

be able to meet all the currently estimated

domestic (276m) and export demand (54.5m

tonnes) without dipping into the reasonablycomfortable surplus stocks it carried into

2009/10 on September 1.

Forward futures prices for maize point

‘North’ with a premium of about 40/45c/

bushel – about $17.50/tonne anticipating

a slightly tighter market by latter 2010.

Whether that happens depends also on

how much maize the US plants next spring.

Although the ethanol juggernaut is slowing

down (compulsory requirements for the US

fuel industry to use renewables will expand

far more slowly from next season onward),

feed demand might be expected to pick up

from two flat years if the recession really is

coming to an end – so more maize will be

needed for 2 010/11.

Europe’s maize crop has, as expected

earlier, taken a dip this season. Planted area

was down by about 3% but yields fell by a

much larger 7%, knocking about 5m tonnes

off production at just under 58m. This should

not, by itself, put too much upward pressure

on prices as demand for maize in Europe is

also seen down by about 4m tonnes while

about 7m tonnes of stocks were carried in

from 2008/09 compared with only 4.5m the

previous year.

Support is coming from the global maize

market, however, driven in turn by the events


COMMODITIES

Canada and Australia in North Africa, the

Middle East and further afield.

Among the other major wheat suppliers,

Canada has experienced some problems with

below-normal temperatures, rain and snow

delaying the last 10% or so of its spring wheat

harvest, the slowest pace in five years. Yields

have been better than expected but concerns

have been mounting about the quality of

unharvested crops resulting in the export

price of these hard milling wheats rising from

a low of $257 two months ago to $292/

tonne recently (CWRS 13.5% protein fob

St Lawrence).

To some extent this rise has also followed

the US market for hard milling wheats which

is being influenced by some mixed results

on the quality front there too. Most of the

spring wheat harvest managed to escape the

worst of the weather but protein content

and falling numbers are seen lower than l ast

year’s – although test weights are higher.

However, due to bet ter than expected yields,

the production forecast has been r aised for

both spring bread and durum wheats. As

in Canada, US hard wheat prices have risen

recently with Dark Northern Spring (14%

protein, fob Gulf) quoting $280 as we goto press compared with a low of $257 in

September and Hard Red Winter wheat at

$207 ($190).

Rain in Argentina has recently boosted

prospects a little for Argentina’s crop which

got off to a poor start for the second year

running amid dry conditions. Because area

sown is again well down, the crop will again

be unusually small with exports not likely to

get much beyond 1.5m tonnes - a very poor

result for a country that normally supplies

the world with 10m to 12m tonnes of most

good quality bread wheat.

Forward supply outlook

Planting of winter wheat in the northern

hemisphere mostly progressed well, despite

dry conditions in parts of Europe, the Black

Sea region and Near East Asia although

falling prices since mid-2009 prompted some

growers, especially in the US, to reduce

sowings, according to a recent IGC review.

The Council expects global area in 2010 to

end up smaller than this year’s but stresses

that much depends on spring wheat planting

decisions as well as the subsequent southern

hemisphere sowing season. In the EU, rain

generally favoured winter planting and

also notes that exceptionally good quality is

reported in the Baltic States, with as much

as 95% graded milling wheat in Lithuania.

Further east, Russia, ideal weather aided

the completion of the spring wheat harvest

in Siberia with the total crop raised seen at

60m tonnes – just 3.7m tonnes short of last

year’s bumper 63.7m output after higher

than expected yields in Central regions/

Urals offset reductions in southern areas.

Ukraine’s crop is estimated at 20m – about

5.9m less than last year but still way bigger

than the average of recent years. Harvest was

also completed under favourable weather

in Kazakhstan where the crop forecast was

raised to 14.5m compared with last year’s

13m. F or the former Soviet Union as a whole,

the harvest is expected to be around 8m less

than last year. Bearing in mind that these

countries have carried about 19m tonnes

of stocks into

the new season

– almost double

last year’s level, it

seems clear that

these prominent

exporters will

have plenty tosell to the world

market. In recent

weeks, prices

coming out of

these ‘Black Sea’

wheat exporters

have been firmer

than one might

expect amid good harvests, narrowing the

frequently large discounts that they tend

to offer against EU and other mainly soft

wheats. Although these countries normally

tended to ‘front load’ their export sales

campaigns, they are probably being a little

less aggressive at this stage because of the

unusually low world wheat price and because

of one or two weather risks looming for next

year’s crops, (chiefly dryness at sowing time

in parts of Russia and Ukraine). However,

even without the big discounts, Russia

and Ukraine have still taken a lot of the

‘opportunity’ business going to countries

like Egypt and other Near East/North African

buyers, helping to keep world export values

of wheat down. If their crops go in normally

and avoid a severe winter, we can probably

expect more competition from the east in

world export markets, particularly those

most heavily contested by Europe, the US,

consumer demand across the US and global

grain and feed sector. The second factor

was the record late US maize and soyabean

harvest, threatening to raise the inherent

value of these crops and, with them, wheat

too. Allied to that, US farmers’ inability to get

maize and soya crops out of the field was also

holding up the sowing of winter wheat crops

to be harvested next year on the same l and,

pointing to a likely shrinkage in area sown for

these, especially the soft red types the form

the basis for Chicago futures and, of course,

make up the bulk of Europe’s wheat crop.

However, while these factors did briefly

drive the wheat price up by almost $20 a

tonne in just one week of late October,

the excitement appeared to be over by

early November as fresh economic jitters

surfaced, analysts downplayed the effect of a

smaller US SRW crop and world production

estimates continued to edge higher.

Among these there have been some

exceptions, not least in Europe itself where

the IGC has just cut its crop estimate by 2.4m

to 136.6m tonnes (versus l ast year’s 151.2m),

including 128.4m. (141.2m.) of soft wheat,

following revisions for France, Germany,

Romania, Spain and the UK. The good news

is that this is still a big crop by any measure

and the proportion of milling quality will be

similar to last year’s at about 70%. Looking

at the main players, Germany expects

25.1m tonnes (26.0m) with protein content

slightly lower than last year but Hagberg

values higher. France should produce 38.8m

(39.5m.) with about 90% milling quality but

proteins averaging 11.3% - slightly lower than

last year as well as the f ive-year average of

11.9%. In t he UK itself, lower area and lower

yields caused a sharper fall in production to

14m from last year’s 17.3m tonnes. The IGC







Global Milling Industry | Company Profiles 2009 - 2010


AgromaticSwitzerland

Agromatic is a Swiss manufacturer of safety equipment, established in world-wide export

of temperature monitoring in mills, silos, compound feed plants and food processing

industry.

Agromatic manufactures temperature monitoring systems with different suspension pos-

sibilities for large silos up to 95m height, special cables for storage halls, all kinds of full

and empty indicators, continuous level monitoring height, safety monitoring for elevators,

conveying belts etc. Combined units for speed and/or alignment control, also for plastic

buckets.

Spark detection and spark extinguishment devices for food compound plants, metal

detectors and separators as well as dryer monitoring systems are also supplied by this

Swiss manufacturer.

The range of the laboratory equipment (4 roller flour mill/sampler/laboratory sieves/

sieve shakers) have been completed by a high precision small quick moisture indicator

(Agro Combi).

For the operation in mills among throughput systems for the raw grainblending also

dampening systems and associated units are being produced. In 1979 Agromatic was the

first manufacturer introducing an automatically regulating dampening system.

Agromatic works with the slogan:

An investment in top quality for a long lifespan.

www.agromatic.com

Agromatic AG

Brabender ® GmbH & Co. KGDuisburg - Germany

Company Information: For 86 years, Brabender® GmbH & Co. KG has been the leadingcompany tor the development, manufacture, and distribution of instruments and equip-ment tor testing material quality and physical characteristics in all fields of research, devel-opment, and industrial production in the chemical and food industries all over the world.

Brabender® test methods became the basis of many international standards.

Reflection of 2009 : A new stand alone extruder was introduced whichprocesses smal l material samples. The already wel l known extruder

model range was updated to state-of-art technology. The successful pre-sentation of new developments was made during the IBA in Düsseldorf.

Thoughts for 2010: Within the 4th Farinograph® generation the Brabender®Farinograph®-AT will set standards for the rheological measurement of flour and dough. Dueto an automatic and tempered water dosing syst em, the tests will be facilitated and becomeeven more reproducible. The extended software offers additionally many advantages. Forthe rapid analysis of grain and flour the Kernelyzer-F will be available for NIR-measurements.

www.brabender.com

Food Quality Testingwith Brabender® Instruments

Brabender® GmbH & Co. KGE-Mail:[email protected] · www.brabender.com

. 1 1 .11. 1 :1 :



Chief IndustriesUnited Kingdom

Company Information: Chief Industries UK Ltd, and its subsidiary Phénix Rousies

Industries in France, are part of the Chief Industries Inc. Group based in Nebraska, USA.

Together, the Chief companies manufacture a comprehensive range of top quality grain

storage silos, conveyors and ventilation systems for worldwide distribution.

Chief Industries has over 50 years experience in grain storage systems, incorporating state-

of-the-art design and manufacturing, supplying flat floor silos with capacities ranging from 30

to 30,000 ton, and hopper bins with capacities ranging from 2.5 to 1,400 ton. By designing

complexes of a number of silos the grain storage possibilities are endless. Manufactured

from high quality galvanized steel, Chief’s storage installations last for many years.

Market activity has seen a further increase in 2009 with continuing worldwide demand

for storage facilities, and turnover has again exceeded that of previous years. In addition, a

major port storage project in Pakistan has added further to the company profile. With it’s

modern manufacturing facilities Chief has continued to take advantage of the market c on-

ditions. That, together with the company’s reputation as a trusted, no-nonsense, technically

competent supplier, has placed Chief UK in a healthy position to look forward to a fur ther

increase in sales during 2010.

www.chief.co.uk

Both.

We know exactly how valuable grain

is to you and your business.Whichis why we never underestimate theimportance of how it is handled.If you need a partner with theexpertise, technology andmanufacturing methods to ensurethat your storage plant issecond-to-none in terms of qualityand processes, then look no further.

You can trust in Chief.

Fields of grain?

Or fields of gold?

Beckingham Business Park, Tolleshunt Major

Maldon, Essex CM9 8LZ, UK

Tel +44 (0)1621 868944

Email [email protected]

www.chief.co.uk

Feed Management SystemsUSA

Feed Management Systems® Inc. a leader in providing integrated software solutionsfor the feed manufacturing industry to manage their nutrition, feed formulation andproduction needs. Ensure the safety, quality and affordability of your feed supply byintegrating your data and managing costs.

Our products Brill Formulation® and Feed Ration Balancer ® are used in over 60 coun-tries by multi-national food conglomerates, mid-size feed manufacturers, universities,consultants, large producers, integrators, and micronutrient premixers.

Our global team provides the expertise and service you need locally to ensure yourtechnology asset meets your business needs.

Learn more about our new Brill Formulation® Version 2 which includes more than60 new enhancements along with new tools such as Smar tlists, SQL Data Bridge andMicrosoft Excel Interface, helping manufacturers analyze and extend data across yourorganization.

We invite you to read our white paper on how companies are evolving formulation:

To deal with the ingredients on hand for production of optimal diets

For the prediction of optimal requirements for ingredients.

For the prediction of future cost and profitability.

Contact us today at [email protected] or visit.

www.feedsys.com

How can you control feedcosts and maximize prots

in today’s market?By using the leading feed formulation tool

BRILL FORMULATION®AvailablefromFeed Management Systemsandour globalsolutionproviders

Manageformulasusing ourcomprehensiveset of availablefeatures

Integrateformulaand productiondataand makeprotabledecisions

Optimizethe useof availableingredients

Perform“what-if”scenarioson formulacosts

Learnhowyoucan

Formoreinformationvisit usat:

www.feedsys.comTelephone:763.560.8139 IE-mail:[email protected]

www.feedsys.com

http://www.agromatic.com/


http://www.brabender.com/










http://www.chief.co.uk/





















http://www.feedsys.com/





























Perry of OakleyUnited Kingdom

Perry of Oakley Ltd is a family owned designer and manufacturer of grain driers and mate-

rials handling equipment. All equipment is manufactured in the UK at our purpose built

factory.

Our grain driers are suitable for the drying of all cereal crops including Maize, wheat, Barley,

Oats and oil seed rape. The driers have a capacity up to 150 tph and are in use world-

wide. The PERRY range of handling equipment offers specifications and capacities to suit on

farm use to heavy duty commercial grain store applications. Our handling equipment range

includes chain and flight conveyors, Belt and Bucket elevators, Belt conveyors, Mechanical

intake pits and screw conveyors.

2009 in the UK saw an increase in the number of smaller capacity grain driers ordered. I

think this reflected the number of farmers with very small driers who had struggled in the

wet harvest of 2008. These farmers wanted to remain independent of the central grain

stores and maintain there own drying facility but they did not need large capacity driers

because of the relatively small amount of cereals they grow.

For 2010 enquiry levels and orders placed to date are good with an even mix of small and

medium to large capacity driers being ordered. Our investment in fully automated punching

and forming equipment as well as increasing the size of our stores facility should see PERRY

well placed to deal with forthcoming orders both in the UK and worldwide

www.perryengineering.comDunkeswell Airfield, Honiton,

Devon, EX14 4LFEmail: [email protected]

Tel: 01404 891400Fax: 01404 891402

Quality that lasts, at aprice you’ll rememberQuality that lasts, at aprice you’ll remember

www.perryengineering.com

The ultimate solutionin grain equipmentThe ultimate solutionin grain equipment

Perstorp Performance AdditivesThe Netherlands/Sweden

Company information: For nearly fifty years Perstorp has been involved with devel-

oping a range of highly effective feed additives to improve the performance of farm animals.

Perstorp’s outstanding product range is complemented with a competence mix that makes

the difference in helping you become more profitable. Product innovation and R&D activ-

ities lead to feed additives that improve the nutritional value of feed and protect animal

health. We take care of our customers by giving them personal attention, good technical

support and a rapid response in satisfying their needs. And we make sure that our long

experience in the feed industry is used to your benefit.

Reflection of 2009: The credit crunch and turbulent propionic and formic acid priceshave impacted our markets in 2009. Despite this we have remained a healthy and reliable

business partner for all our customers and we have created some innovative new

products.

Thoughts for 2010: At the end of 2 008 everybody knew that we were heading into a

turbulent year. This year forecasts are more optimistic. A more stable market situation will

allow us to focus on innovations and find new markets and applications.

For more information visit our website at:

www.perstorpfeed.com



UNION OF ZOOBUSINESS

ENTERPRISES

Sense Enterprise Solutions LtdUnited Kingdom

Company information: Sense developed FeedAX in 2003 after we were selected by

I’Anson Brothers to implement a Microsoft Dynamics AX solution for their feed manufac-

turing business.

To date, all of our clients have recognised the benefits of replacing old, disjointed systems

and benefited from streamlined processes, increased efficiency and profitability.

FeedAX extends the standard functionality of Microsoft Dynamics AX to provide for the

specific requirements of feed mills, including: Contracting, Sales, Transport, Formulations, Weighbridge, Compliance Reporting and Process Control Integration.

FeedAX enables your business to be operated through one totally integrated system

providing operational efficiencies and instant key performance reports. There is a con-

firmed product roadmap beyond 2020 and Dynamics AX integrates seamlessly with other

Microsoft products and technologies. This makes FeedAX a sound long term investment

for your business.

Reflection on 2009: 2009 was a pivotal year for FeedAX with 4 new major projects for

feed mills in the UK and Ireland.

Industry outlook for 2010: Many feed mills are reviewing the role of their business

systems in today’s increasingly competitive market. With this in mind we believe that

FeedAX offers the best of both worlds; an industry standard market leading Microsoft

Dynamics AX solution, developed and delivered by people with real world feed manufac-

turing experience.

www.feedax.com

stand out from the crowd

AX

01159 646 646

[email protected]

www.feedax.com

FeedAX is an ERP system specially designed

for the needs of Animal Feed Manufacturers

and Distributors.

A new standard in business software

for Feed Mills

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www.unormak.com.tr

Konya Organize Sanayi Bölgesi 7 Sokak No: 3 Konya/TÜRKİYE

T: +90 332 239 1016 (pbx)

F: +90 332 239 1348

E: [email protected]

> Turnkey installations

> Cleaning equipment

> Milling equipment

> Transfer equipment

> Extraction Control

> Packaging

> Complementary machines

We pride ourselves in implementingthe latest technologicalimprovements

We strive for the highest quality& condence in our products &services

Our goal is complete customersatisfaction in the production of our our milling machines

Realizing your future by your voice

. 1 11 1 : -

http://www.perryengineering.com/
















http://www.perstorpfeed.com/

http://www.unormak.com.tr/


http://www.feedax.com/






















































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• Newmills? Location ,transport&

otherconsiderations

• Waterfreightfightsback In this issue:

• Smarteringredientevaluation

• FOCUS: TheMiddleEast&

Africa

• Companyprofiles2009-10

• Africanfeedindustry

- a s na p s ho t

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Global feed markets - November | December 2009

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