After three years of bad weather (2010-2011-2012) and high commodity prices, two years of bumper crops in 2013 and 2014 have propelled the global agricultural markets in general and grains market in particular to a different trajectory in terms of availability and prices.
Production of major grains (corn, wheat, rice) and oilseeds & oils (soybean, canola, palm) across the world has reached record levels following benign weather. In South and Southeast Asia, the dreaded El Nino was mild. Despite strong demand, inventories are bulging. Agricultural commodity prices are softer than they were two seasons ago. Speculative capital stands withdrawn.
What’s the outlook for 2015? Will production, stock and price trends of last two years continue or will there be a supply response to prices? What are the major drivers of agri-markets and how are they likely to pan out in the New Year? How will Indian market be impacted by global trends? Will food and nutrition security situation improve? What strategies should market participants adopt to benefit from the emerging market scenario?
These and other related questions will be discussed at length at the upcoming 5th International Grains Conference organised by Assocom-India on February 20, 2015 in New Delhi at the India International Centre. Experts from within the country and outside with strong domain knowledge will crystal-gaze into the future and share their views.
The highpoint of the 5th International Grains Conference will be ‘Price Outlook’ session where experts will provide price forecast for major commodities including grains, vegoils and sugar. Coming as it does in February (early in India’s Rabi season harvest), the 5th International Grains Conference will help prepare market participants for the year ahead
All major stakeholder interests will be represented at the conference. Producers, processors, industrial consumers, large trading houses including multinationals, exporters, importers, domestic traders, intermediaries as well as service providers (banks, logistics, research etc) will be present. In addition, policymakers from key ministries and PSUs in commodity trading will be represented.