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Strong Demand from China for Grain-Based Feed Stimulates the Global Barley Market

barley

Strong Demand from China for Grain-Based Feed Stimulates the Global Barley Market

IndexBox has just published a new report: ‘World – Barley – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

2021 is forecast to see global barley supplies outstripped by demand. This may lead to a sharp rise in grain prices. A substantial proportion of consumption growth is driven by the demand from China for barley-based feed, as China’s livestock population continues to recover from the swine fever outbreak. Shortages in supply are expected due to the poor crop yield owing to the adverse weather conditions in Russia, Australia, Turkey and the UK. 

Key Trends and Insights

Global barley production is set to decline by 1.5% (IndexBox estimates) in 2021 against 2020 when the global barley harvest amounted to a record 160М tonnes. A projected poor crop yield in Russia, Australia, Turkey and the UK is to hamper this year’s results. Meanwhile, a robust yield is expected in Argentina, Kazakhstan, Canada and Ukraine, but this remains insufficient to offset the global output decline. Global barley stocks are running low as a result of demand outpacing supply, which could lead to a rise in prices.

In China, robust demand is forecast for barley for animal feeding, as the country sees its livestock population recovering in the wake of the swine fever outbreak. In 2020, China increased barley imports in physical terms by 36% against the previous year. In 2021, China is projected to see a further 9% surge in imports.

The consumption in the EU is projected to fall due to the increased use of wheat in animal feed instead of barley. In Australia and Thailand, the volume of barley exports to Asia is forecast to decline as a result of China’s introduction of anti-dumping taxes. To substitute supplies from Australia and Thailand, imports from Canada to China are expected to increase.

In Russia, poor weather conditions at the end of 2020 damaged winter crops, which is to adversely affect the yield figures. It is expected that the fields will be resown with oil-bearing and spring crops. Russia is also being affected by a lack of available labor as migrant workers were unable to return to Russia during the pandemic. This leads to a shortfall of more than 30K laborers in the agricultural sector.

The global barley market is set to reach 13M tonnes by 2030 as a result of increasing demand. The increase in barley prices could contribute to the accelerating food inflation in the world, which undermines the effect of income-support measures during a pandemic and becomes a serious barrier to the food market growth.

Global Barley Consumption

In 2020, the global barley market increased by 3.4% to $44.3B, rising for the second year in a row after five years of decline. The most prominent rate of growth was recorded in 2019 with an increase of 14% year-to-year. Over the period under review, the global market hit record highs at $44.7B in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

The countries with the highest volumes of barley consumption in 2020 were Russia (17M tonnes), Germany (11M tonnes) and China (9.7M tonnes), together accounting for 23% of global consumption.

From 2012 to 2020, the biggest increases were in China, while barley consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($3.3B), Turkey ($3.1B) and China ($2.4B) constituted the countries with the highest levels of market value in 2020, together comprising 20% of the global market.

The countries with the highest levels of barley per capita consumption in 2020 were Canada (203 kg per person), Australia (199 kg per person) and Spain (165 kg per person).

Global Barley Exports

In 2020, the amount of barley exported worldwide skyrocketed to 35M tonnes, with an increase of 18% against 2019. In value terms, barley exports expanded notably to $6.9B in 2020.

The biggest shipments were from France (6.8M tonnes), Ukraine (5M tonnes), Australia (4.3M tonnes), Russia (4.2M tonnes), Canada (2.8M tonnes) and Germany (2.4M tonnes), together resulting at 74% of total export. The following exporters – the UK (1.6M tonnes), Romania (1.3M tonnes), Hungary (0.8M tonnes) and Denmark (0.7M tonnes) – together made up 13% of total exports.

In value terms, France ($1.4B), Australia ($908M) and Ukraine ($878M) appeared to be the countries with the highest levels of exports in 2020, with a combined 46% share of global exports. These countries were followed by Russia, Canada, Germany, the UK, Romania, Denmark and Hungary, which together accounted for a further 40%.

The average barley export price stood at $199 per tonne in 2020, reducing by -8.7% against the previous year. Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Denmark ($217 per tonne) and Canada ($214 per tonne), while in Ukraine ($174 per tonne) and Hungary ($175 per tonne) were amongst the lowest.

Source: IndexBox AI Platform

pork

American Pork Exports See Record Growth Due to Surging Demand in Asia-Pacific

IndexBox has just published a new report: ‘U.S. – Pork (Meat Of Swine) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Over the previous year, the U.S. has seen pork exports hit record highs, largely due to unprecedented demand from China and the Philippines, where livestock numbers have fallen dramatically after the outbreaks of African swine fever. The U.S. is forecast to achieve a 5% growth in pork production in 2021 and exports are projected to remain high, driven by robust both domestic and foreign demand.

Key Trends and Insights

In 2020, American pork exports reached a record 2.4M tonnes (IndexBox estimates), an increase of 26% against the previous year. The key foreign markets for American for pork include China (733K tonnes), Japan (350K tonnes) and Mexico (571K tonnes), together accounting for 70% of exports.

Pork supplies from the U.S. to China increased more than twofold in 2020. Following an outbreak of African swine fever in 2018, China’s pig livestock population decreased by 27%. It forced the country to offset these losses with ongoing meat supplies from abroad. The Philippines and Vietnam were also similarly affected by the spread of swine fever, and American pork exports to both countries surged in 2020. The reduction in import tariffs for American products under the current trading agreement between the U.S. and Japan have triggered a 10% increase in pork exports to this country.

Exports to Mexico, however, declined in 2020 due to a fall in the peso exchange rate and a slump in the country’s consumer purchasing power. Export supplies to Columbia emerged on a downward trend following the introduction of Covid restrictions.

A decline in American pork exports to China is projected in the near term, as China’s livestock numbers start to recover. Exports to Mexico, South Korea, the Philippines and Vietnam are forecast to increase, thereby securing promising prospects for American pork suppliers in 2021. According to the USDA forecasts, pork production is set to increase by 5% this year, driven by strong domestic demand and the above-mentioned export opportunities.

Pork Production in the U.S.

In 2020, pork production increased by 1.9% to 13M tonnes, rising for the sixth year in a row. The total output volume increased at an average annual rate of +2.4% over the period from 2012 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations observed in certain years. Over the period under review, production hit record highs in 2020 and is likely to see gradual growth in the near future.

In value terms, pork production reached $32.7B in 2020. The pace of growth was the most pronounced in 2014, increasing 9.2% against the previous year. As a result, production reached the peak level of $34.2B. From 2015 to 2020, production growth remained at a somewhat lower figure.

Pork Exports by Country

In value terms, pork exports surged to $6B (IndexBox estimates) in 2020. The total export value increased at an average annual rate of +2.7% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports reached the peak and are likely to continue growing in the immediate term.

China (733K tonnes), Mexico (571K tonnes) and Japan (350K tonnes) were the main destinations of pork exports from the U.S., with a combined 70% share of total exports. These countries were followed by South Korea, Canada, Australia, Colombia, Chile and the Dominican Republic, which accounted for a further 21%.

In value terms, the largest markets for pork exported from the U.S. were China ($1.6B), Japan ($1.5B) and Mexico ($922M), together comprising 68% of total exports.

China saw the highest growth rate of the value of exports in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The average pork export price stood at $2,545 per tonne in 2020, equating to the previous year. Overall, the export price continues to indicate a slight downturn. There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Japan ($4,291 per tonne), while the average price for exports to Mexico ($1,614 per tonne) was amongst the lowest.

Source: IndexBox AI Platform

global

Global Traders on the Move: May-June Edition

Having spent the past 15 years of his 35-year career in the supply-chain industry at Nashville, Tennessee-based GEODIS Americas, Anthony Jordan was recently promoted to Executive Vice President and Chief Operating Officer of the region. 

Trish Skoglund has filled the newly created role of Corporate Director of Mergers and Acquisitions at Crowley Maritime Corp., a Jacksonville, Florida-based logistics, government, marine and energy solutions company. 

Jolie Cosman is now Senior Business Development Manager at deugro USA, the Woodlands, Texas-based logistics and freight-forwarding company that is a division of German family-owned deugro. 

TrueCommerce, a Pittsburgh, Pennsylvania-based provider of trading partner connectivity, integration and unified commerce solutions, recently appointed Todd Johnson as President and Chief Operating Officer; Peter Spellman as Chief Technology Officer; and Andrew Porter as Executive Vice President, General Counsel and Corporate Secretary. 

Logistics technology platform Web Integrated Network (WIN) has a new executive leadership team as part of its formal spinoff from global logistics and tech company Odyssey Logistics & Technology Corp.: Glenn Riggs, President; Lindsey Shellman, Chief Commercial Officer; and Xavier Amella, Chief Technology Officer, are leading Danbury, Connecticut-based WIN as an individual brand and separate entity. 

Michael Hanes is the new Senior Vice President of Sales at GoExpedi, a Houston-based e-commerce, supply chain and analytics company. 

Surgere, a Green, Ohio-based IoT supply chain management company, has named Robert “Rob” Fink its new Chief Growth Officer. 

Venu Vinjamaram is the new Senior Vice President of Technology and Innovation at Dayton, Ohio-based pharma transporter CSafe Global.

Merit Logistics, a San Juan Capistrano, California-based third-party warehouse services provider, recently promoted four employees to manage new client sites: Corey Hice, Oklahoma; Wayne Hubbard, Indiana; Josh Levings, Ohio; and Chris Walker, Nebraska. 

Eric Polzin is succeeding retiring Port Milwaukee Harbor Master Wayne Johnson

With the retirement of Richard Brough, the International Cargo Handling Coordination Association named Richard Steele as the new Head of ICHCA International. 

Liana Coyne, Coyne Airways; Bob Chi, SATS Ltd; Manel Galindo, WebCargo; and Hendrik Leyssens, Swissport, have joined the International Air Cargo Association Board of Directors.

Julie Kinnard, the Controller at Brentwood, Tennessee-based logistics management software company FreightWise, won in Startup/Private category of the Controllers Council’s recently announced 2020 Controller of the Year Awards. 

agribusiness

Early Adoption of Agile CTRM Critical for Any Agribusiness Planning Growth in 2021

While productivity is the long-term propeller of economic growth, technology-enabled innovation is the major driver of productivity growth. Yet, we have seen modest growth productivity even as digital technologies boom. This is perhaps a function of resistance in transitioning towards new technology or being unable to find the right fit for business needs.

Considering the agribusiness, engaged in trading huge volumes of different commodities across continents, technologies like CTRM emerge as the most suited innovation to boost productivity. But how can organizations adopt this technology effectively?

In an industry replete with market-specific risks and challenges, a CTRM solution can provide effective solutions to enhance the efficiency of business processes and manage external uncertainties easily.

For instance, if you are a large agribusiness based in Toronto, exporting agriculture products to difficult-to-reach and risky markets like Libya, Syria, and Yemen, trading commodities can be challenging, especially when it involves high volumes and transactions, with a significant degree of volatility. It’s even more daunting to handle a range of commodities across grains, oilseeds, by-products, and specialty crops that service both feed and food markets, procured in one-half of the world and traded in another.

With an expanding footprint of operations in almost every continent in the world, the scale of operations can be an uphill task and even become unmanageable for organizations. So far, the agribusiness in Toronto deployed ERP systems that would break down tackling the burgeoning load of the growing business. Legacy ERP systems unequipped with the market and commodity-specific functionalities are responsible for loss in productivity. At the end of every month, the agribusiness would spend 5 to 8 days to close accounting books. A sizeable portion of work carried out manually on spreadsheets because their ERP system didn’t fully support features specific to trading in North American markets.

A multi-commodity Canadian agribusiness trading across continents, and many others like it, requires an advanced technological CTRM platform that can optimize their business processes and eliminate manual redundancies. A truly global and growing agribusiness needs a CTRM solution that can provide access to market-relevant data to make critical business decisions swiftly.

After implementing a CTRM solution, the agribusiness reduced their time to close end-of-month accounting books from 8 days to under 15 minutes.

The company also eliminated nearly 90% of its manual processes that required spreadsheets. It now spends less time extracting data manually, CTRM platform enables the agribusiness to bring all the information together in a few clicks.

Automation of redundant processes allowed the company to feed all the relevant information into the application at once and run multiple scenarios across commodities simultaneously and instantly. It enabled the company’s traders to compare more trade opportunities faster. The CTRM platform gave the traders more time to drill into results and rapidly analyze which trades were most profitable and why, so they make better decisions on future contracts.

Digitizing manual operations through implementing a CTRM solution not only increased efficiency but drove predictability and profitability as well. As the platform connected business units across the value chain, it enabled our Toronto-based trader to increase visibility and enhance the level of agility to respond to changing conditions in a volatile global marketplace.

As an upshot, CTRM aided in increasing the efficiency and reliability in its supply chain by planning and optimizing all aspects of the company’s multimodal logistics network. The platform linked Internal Movement Order (IMO) with Sales Movement Order (SMO), tagging respective sales orders with modes of transport and providing superior visibility into stock movement. Through this enhanced capability, the company was also able to optimize its stock adjustment activities while transloading, a common challenge in bulk transportation where businesses often incur additional terminal costs and delays.

An integral aspect of commodity trading as an agribusiness is vessel management. An integrated CTRM system enables traders, logistics, and finance people to look at the status of shipments in real-time. Planned Container Shipment (PCS) and Planned Bulk Shipment (PBS) solutions configured to the CTRM platform provide complete visibility into the movement of international stock shipments. This includes end-to-end vessel tracking, enhanced collaboration, and workflow management.

Having a deployed a comprehensive CTRM suite of solutions ensured optimal productivity at all stages of business, the agribusiness increased efficiency in PBS executions by 65% and PCS shipments by 50%.

Leveraging these applications of an adaptive CTRM suite, the company no longer manually extracts invoices from the system and emails them to finance for payment. The system sends automated alerts to finance on payments to be made, thereby enabling better internal controls.

Today, the Toronto-based agribusiness benefits from improved workflows and activity management escaping the shadows of an obsolete system. It shall continue to drive substantial gains in productivity and profitability, utilizing CTRM solutions which are quickly becoming indispensable for agribusinesses worldwide.

_____________________________________________________________________

Eka Software Solutions is a global leader in providing digital commodity management solutions for the agriculture industry, driven by cloud, blockchain, machine learning, and analytics.

To talk to Eka experts please write to info@eka1.com

oat market

Accelerated Demand for Healthy Food Emerges As a New Driver for the Global Oats Market

IndexBox has just published a new report: ‘World – Oats – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The oat market indicated steady growth in 2020. The production and export of oats increased against heightened demand, not only from livestock farmers and producers of animal feed but also from a nascent trend emerging in the food sector: the use of oats as an ingredient in the manufacture of healthy food products.

Key Trends and Insights

IndexBox estimates indicate that oat output reached 23.6M tonnes in 2020. The demand for this cereal crop is currently rising, due to the prominent use of oats in the form of animal feed and the nascent trend emerging in the food sector for oat milk, convenient cereal products and oat-based protein. The demand for oat milk in 2020 was explosive. In the near-term outlook, it is forecast that oat milk should take a firm place on the market among its traditional competitors, such as cow, soya and almond milk.

Despite the logistics difficulties caused by the COVID-19 crisis, global oat exports surged by 7% in 2020 against 2019 figures, reaching 3.3M tonnes. Canada assumed the leading position in terms of global oat exports in 2020, supplying a record 2M tonnes to the global market; approx. half of the Canadian oat yield is sent abroad. Since 2019, exports to Latin America, particularly to Chile, have been increasing. Chile has significantly expanded its oat processing capacity in recent years even though Chilean oat crop yield remained low amid dry weather. In 2020, therefore, Chile was forced to secure an oat import volume that was six times larger than the amount recorded in 2019. Imports to Asian countries have also seen a 50% increase, particularly to China.

The established healthy-eating trend and the latest tendency to position oats as a premium food product should provide an additional incentive for the further development of this market, while the processing of oats for animal feed is set to remain a key driver in terms of demand. Forecasts indicate that the global oat market may reach $8В by 2030.

Global Oat Consumption

The global oat market rose to $7.4B in 2020, increasing by 4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern.

The countries with the highest volumes of oat consumption in 2020 were Russia (4.3M tonnes), the U.S. (2.3M tonnes) and Canada (2.2M tonnes), together comprising 37% of global consumption. These countries were followed by China, Australia, Finland, the UK, Germany, Poland, Brazil, Spain, Argentina and Sweden, which together accounted for a further 40%.

In value terms, the largest oat markets worldwide were China ($1B), Russia ($912M) and the U.S. ($535M), with a combined 33% share of the global market. These countries were followed by Canada, Argentina, Australia, the UK, Brazil, Germany, Finland, Poland, Spain and Sweden, which together accounted for a further 40%.

In 2020, the highest levels of oat per capita consumption were registered in Finland (192 kg per person), followed by Canada (58 kg per person), Australia (45 kg per person) and Sweden (42 kg per person), while the world average per capita consumption of oat was estimated at 3 kg per person.

Oat Exports by Country

Canada prevails in oat export structure, reaching 2M tonnes, which was approx. 62% of total exports in 2020. Sweden (234K tonnes) took a 7.2% share (based on tonnes) of total exports, which put it in second place, followed by Poland (4.5%). Finland (111K tonnes), Estonia (75K tonnes), Lithuania (69K tonnes), the UK (66K tonnes), France (65K tonnes) and Latvia (58K tonnes) followed a long way behind the leaders.

Exports from Canada increased at an average annual rate of +2.6% from 2012 to 2020. At the same time, Latvia (+34.4%), Lithuania (+22.1%), the UK (+16.4%), Poland (+15.4%), Estonia (+13.1%), France (+12.3%) and Sweden (+1.4%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.4% from 2012-2020. By contrast, Finland (-13.9%) illustrated a downward trend over the same period.

In value terms, Canada ($467M) remains the largest oat supplier worldwide, comprising 54% of global exports. The second position in the ranking was occupied by Finland ($92M), with an 11% share of global exports. It was followed by Sweden, with a 6% share.

Source: IndexBox AI Platform

food

Top Three Lessons from the Food Transformation Industry

The food industry has learned more from the pandemic than it bargained for. The pandemic taught us some important lessons about improving quality, paying attention to employee and partner safety, and working regularly and consistently with suppliers. The past 12 months have been focused on response and short-term solutions. Many companies found that their operations and supply chains were not prepared to handle unpredictable peaks, and supplier pools lacked flexibility and diversity. Manual logistics processes similarly did not show the flexibility and speed of results needed, and it was difficult to make the quick decisions needed to keep businesses, customers and employees safe. With uncertainties in the safety of food imports and the functioning of restaurants in 2020, food and beverage companies were suddenly faced with new challenges.

Prevention is better than the cure

As the Covid-19 crisis set, a crisis in the supply chain followed, triggered by people’s responses to the spread of the virus, such as panic buying, which submitted the supply chain to an unusual stress, and eventual disruption. As the situation evolved, it became clear that digital transformation and technology upgrades were actions that could not be delayed if you wanted to make decisions based on actual live data.

In preparing for the future, we shift from “responding to challenges” to proactive action. First and foremost, you need a selection of technology solutions that support scalable and transparent processes. There’s a lot of talk about predictive analytics and supply chain modeling solutions these days, but the first step in this process is always the implementation of operational management systems and data exchange systems.

By standardizing your processes and transforming your technology, you can create a system that lays the groundwork for staying ahead of the competition, improving efficiency and preparing for long-term growth. Here are a few ways to get started:

First: Think about continuous quality control.

Food-related industries need to rely on a dynamic system that shows how your business is performing every day. It’s time to set goals for maintaining continuous quality control with your suppliers, within your own walls and in every part of the supply chain.

The first step is to look at all the software or technology you’re using now to see if you can consolidate or eliminate point solutions or irrelevant applications. Once you have a clear picture, you can ask if your systems can “talk” to each other and connect all decision data into a single source of truth. This helps eliminate siloed data and improves communication.

To give examples based on our company’s portfolio of solutions, the WMS system features automatic tracking of expiration dates, including residual expiration dates based on customer requirements. And personal customer accounts based on Generix Supply Chain Visibility provide data on availability products at various points in the supply chain, both in warehouses and in transit.

Second: Move away from manual processes.

How many times has a document or other data been “lost” in email or file-sharing folders? How many times have you worked extra hours to put together a report manually from multiple spreadsheets?

It’s time to let technology take over most of your administrative and routine work. It’s time for the food industry to stop relying on paper, spreadsheets and other manual tools. Chapman’s Ice Cream was enabled to effectively track their ingredients throughout the supply chain thanks to automation, and thus had the data required to react quickly to changes in consumer preferences and protect food safety. During the early days of the pandemic, John Fleming reports in a recent webinar that Chapman’s used the real-time data provided by their WMS to anticipate the supply of their ingredients and manage their customers’ expectations accordingly.

It’s important to remember that modernization doesn’t exclude people from processes. It is the use of human-centered technology that reduces human error, reduces administrative work and improves results. Certainly, you will have to invest in innovation, but technology creates efficiency and transparency that will ultimately save you time and money. Chapman’s for example, were able to reduce losses by gaining real-time visibility over their inventory.

Generix offers its customers an end-to-end process implementation based on the Generix Supply Chain Hub solution. All modules of the solution are interconnected by an integration bus to which you can connect your accounting system (ERP) and other applications in use.

Third: Upgrade your supplier management practices.

Integrating new suppliers and working with existing ones comes with many challenges. Emails go unanswered, contract renewal dates are often missed. Updating certificates, documents and audit results is a chore, to say the least. In addition, supply disruptions during the pandemic may have prompted you to diversify your supply chain. To summarize, working with suppliers is a lot of communication, paperwork and dates to keep track of. In addition, you are responsible for making sure your suppliers meet government and industry standards.

Using vendor relationship management software makes it easier for all parties, allowing everyone to work faster and more collaboratively. Supplier contacts, certification submittals and audit results are all centralized in one place, allowing you to work quickly and accurately to develop and renew contracts. Automated renewal reminders eliminate routine monitoring or worrying about updating a common Excel file on time.

Our company’s portfolio includes different level solutions to standardize work with suppliers: SCV based supplier accounts for goods and services, EDI based supplier portal solution, Generix Collaborative Replenishment for VMI based work. Our company methodology allows us to develop onboarding packages for fast integration of new vendors.

To Summarize

Modernization of systems makes sense both competitively and financially. However, in my opinion, the most compelling reason to upgrade is the well-being of your employees. In these volatile times, they are doing more with the same or even fewer resources, taking on more workload, which can lead to faster and harder burnout. If you can do more to support your employees and their effectiveness, you will achieve better results in the long run.

Generix Group North America provides a series of solutions within our Supply Chain Hub product suite to create efficiencies across an entire supply chain. From Warehouse Management Systems (WMS) and Transportation Management Systems (TMS) to Manufacturing Execution Systems (MES) and more, software platforms can deliver a wide range of benefits that ultimately flow to the warehouse operator’s bottom line. Our solutions are in use around the world and our experience is second-to-none. We invite you to contact us to learn more.

This article originally appeared on GenerixGroup.com. Republished with permission.

pig lift

Intradco Global Debuts their Innovative Pig Lift

This week Intradco Global introduced their brand new innovative Pig Lift, proving that not only can pigs fly, but they can get to their aircraft in style too!

The innovative Intradco Global Pig Lift comprises a custom-converted van that has been modified to enable pigs to transfer from their lorry transport to their crates, at varying heights, without having to navigate any ramps.

Both the front and the back of the Pig Lift can be powered with the touch of the button to ascend and descend, to accurately meet the pigs at the level they are at on their lorry and the level of crate they are walking onto. Without such technology, pigs must walk up and down sometimes steep ramps, which is not only potentially dangerous but can also be stressful for them.

Intradco Global’s Pig Lift puts the pigs’ safety and happiness at the forefront of the process.

The Pig Lift’s debut was on April 27th 2021 at Stansted Airport (STN), where 1,030 purebred registered breeding pigs were its first passengers. They were transferred from multi-storey lorries, that had travelled from Northamptonshire, onto two and three storey crates without the need to use any ramps or any moving parts that had to be manually adjusted.

The pigs then travelled on a Boeing 747-8F aircraft to Chengdu Shuangliu International Airport (CTU) in China, with a short stopover in Kazakhstan to freshen their food and water supplies.

Intradco Global’s Pig Lift is just one example of the company’s commitment to cutting-edge charter equipment with a focus on safety, comfort and animal welfare. Their livestock stalls, equine loading ramp and even their bespoke giraffe crates are just some of the equipment that is widely regarded as ‘best-in-class’, and now the Pig Lift can join that list too.

industries

5 Industries Worth Investing In

Starting a new business or investing in a start-up is a hot topic. Everyone gives thought to starting their own firm at some point in time. However, not everyone can give a meaningful reality to this idea.

Finding the right industry to invest in isn’t a walk in the park. Many variables are included in this equation, including your interests and the amount you’re willing to invest. But the biggest deciding factor is, of course, the profitability of the industry you’re planning to select.

Selecting the right industry can make or break your success, and could even change the financial conditions for a long period of your life. A well-put investment in an ideal industry can lead to high profits and a stable financial future.

To get you started, here are 5 profitable industries worth investing in in 2021.

Food industry

No COVID-19 outbreak can disrupt the food industry as food is essential for life. The outbreak indeed negatively affected the on-table service of restaurants, but many of them are still operational for takeaway. Moreover, food manufacturing firms like cereals, grains, and beverages are also operational. Furthermore, services associated with food, like food packing, are also still going strong despite the circumstances.

Needless to say, the food industry is one of the safest industries to invest in in the 21st century. As people have gone more health-conscious since the virus outbreak, it’d be a great idea to invest in food products revolving around providing a healthy lifestyle.

Textile industry

Just like food, clothing is a basic essential for human life that can’t be neglected in any circumstance. Fashion trends come and go, but everyone needs some type of clothing to cover themselves up.

The textile industry is huge. Some might say it’s over-saturated, but unlike many other industries which follow the if-it-ain’t-broke-don’t-fix-it rule, the textile industry sees alterations every once in a while due to various trends.

FMCG industry

FMCG (fast-moving consumer goods) industry includes all the daily-use products people need to keep their lives going. A few examples of such products are detergents, soaps, cosmetics, dental care, paper, and batteries. Just like the case with food and textile, human life can’t go on normally without the FMCG industry.

Investing in this industry is a safe bet today. It must be noted that the businesses in this industry fight through very tough competition, that’s why the profit margin is low. However, as these products are consumed in massive amounts regularly, it kind of makes up for the small profit margins.

Technology industry

For more than two decades, computers and IT have shaped the future of the world’s economy and given new meaning to business operations. Today, almost everyone is dependent on some piece of technology for their life activities.

Consumers, as well as businesses, are looking for new and improved technological advancements to be more productive. IT services and computer support are in high demand. If you have a techy background and are aware of the know-how of this sector, the technology industry could be the best industry for you to invest in.

This industry is massive and has tons of options for you to explore. No matter how advanced today’s technology is, there’s always room to improve and expand. Explore the options and look for bright ideas that could be the next innovative solution to a daily problem.

Marijuana industry

Gone are the days when marijuana was only a means of illegal recreational activities. Today, marijuana is creeping out of the shadows to become a major legal pharmaceutical giant. It’s developed into a billion-dollar industry that keeps getting more and more legal authorizations from governments around the globe and is constantly growing.

If you’re eager to learn more about this industry,  getting in touch with a marijuana consulting firm would be your best bet. Moreover, marijuana financing companies provide loans and financial support to new businesses stepping into this industry,

Final word

Researching and choosing the right industry is crucial to make your investment worthwhile. While many smaller industries keep ascending and descending in the priority list for new investors, the above-mentioned industries are arguably the safest options today.

corn

Global Corn Market Maintains Steady Growth Despite Lower Bioethanol Demand

Driven by rising demand from the food industry and favorable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.

IndexBox has just published a new report: ‘World – Maize – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Key Trends and Insights

Driven by rising demand from the food industry and favorable weather, global corn production grew by 2% to 1,435М tonnes in 2020 (IndexBox estimates). Brazil (+7M tonnes), South Africa (+1.2M tonnes) and India (+1.2M) tonnes indicated the most substantial increase in output.

Global corn exports saw a 6% rise, to 168.2Ðœ tonnes. In 2020, global corn prices increased substantially, from $170 per tonne in March 2020 to $240-280 per tonne in March 2021. Argentina retained the lowest competitive export prices in 2020 ($239 per tonne, FOB).

High corn prices resulted in lower competitiveness of corn bioethanol, which aggravated the pandemic-related drop in demand for biofuels. This led to bioethanol plants being forced out of production: according to the Renewable Fuels Association (RFA), approx. 20 out of the 200 ethanol production facilities in the U.S. remain idle; a further 20 have cut production. The volumes of corn intended for biofuel production were redirected to growing exports.

In the period to 2030, the global corn market is set to expand to 1.978M tonnes. Increasing corn consumption in the food sector driven by steady population growth remains the key development factor in terms of market expansion. The market for alternative fuels may yet see significant development, thereby increasing the demand for corn, should environmental standards become more stringent and a carbon tax on greenhouse emissions be imposed.

China, the U.S. and Brazil Consume more than Half of Global Corn Production

The countries with the highest volumes of maize consumption in 2019 were China (523M tonnes), the U.S. (322M tonnes) and Brazil (60M tonnes), with a combined 64% share of global consumption. Mexico, Indonesia, Argentina and India lagged somewhat behind, together accounting for a further 9.2%.

In value terms, the largest maize markets worldwide were China ($170.8B), the U.S. ($106B) and Mexico ($22.5B), with a combined 60% share of the global market. Indonesia, Brazil, India and Argentina lagged somewhat behind, together comprising a further 8.2%.

The countries with the highest levels of maize per capita consumption in 2019 were the U.S. (978 kg per person), Argentina (619 kg per person) and China (359 kg per person).

Brazil Leads in Exports

Brazil (43M tonnes), Argentina (29M tonnes), Ukraine (27M tonnes) and the U.S. (26M tonnes) represented roughly 79% of total exports of maize in 2019. The following exporters – Romania (4.6M tonnes), France (3.7M tonnes), Russia (3.1M tonnes), Hungary (3M tonnes), Paraguay (2.7M tonnes) and Bulgaria (2.6M tonnes) – together made up 12% of total exports.

In value terms, the U.S. ($8.9B), Brazil ($7.3B) and Argentina ($6B) were the countries with the highest levels of exports in 2019, together comprising 62% of global exports. These countries were followed by Ukraine, France, Romania, Hungary, Russia, Bulgaria and Paraguay, which together accounted for a further 28%.

In 2019, the average maize export price amounted to $229 per tonne, approximately reflecting the previous year. Overall, the export price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2017 an increase of 13% year-to-year. The global export price peaked at $301 per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Source: IndexBox AI Platform

grapes

Robust Increase in Chinese Exports Buoys Global Grape Market

IndexBox has just published a new report: ‘World – Grapes – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Increased grape production in China buoyed the global market against a fall in the grape crop in India, the EU and Russia, which enables the global production in 2020 to remain consistent with 2019 data. The export potential of Chinese and Australian grapes has improved due to the progress achieved in cultivation methods and the use of particularly fertile varieties of grape. 

Key Trends and Insights

Global grape production stood at 76.6М tonnes (IndexBox estimates) in 2020, remaining consistent with 2019 figures. According to USDA data, poor weather conditions caused a decline in production in India (125К tonnes), Turkey (-50К tonnes), the EU (-170К tonnes), and Russia (-23К tonnes). The fall in production seen in these countries was offset by increased grape output in China (+400К tonnes), enabling a further surge in exports. The hot summer of 2020 also secured a stable grape harvest in the USA (+114К tonnes), Egypt (+35К tonnes) and Peru (+12К tonnes). Production remained unchanged against 2019 in Brazil, Uzbekistan and Chili.

China has indicated a pronounced growth in grape exports in recent years, largely as a result of the advances in cultivation technology and improvements in product quality. From 2014 to 2020, Chinese grape exports surged threefold: from 126К tonnes to 420К tonnes . Australian exports almost doubled over the same period: from 86.4К tonnes to 163К tonnes.

Expanding demand from the EU and Asian markets, against enhanced incomes and a rise in population, are set to drive the further growth of the global grape market. EU imports continued to increase to 1654К tonnes in 2020, despite the pandemic.

The second half of 2020 signaled a recovery in demand from the wine industry, as the quarantine measures were more or less lifted. The wine market expansion, driven by e-commerce development and high investments, promises strong demand for grapes in the coming years.

China to Lead in the Grape Consumption while the U.S. to Remain the Key Exporter

The countries with the highest volumes of grape consumption in 2019 were China (14M tonnes), Italy (7.5M tonnes) and the U.S. (6.5M tonnes), together comprising 37% of global consumption.

From 2012 to 2019, the biggest increases were in China, while grape consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest grape markets worldwide were China ($22.1B), the U.S. ($14.8B) and France ($13B), with a combined 37% share of the global market.

The countries with the highest levels of grape per capita consumption in 2019 were Italy (126 kg per person), Spain (120 kg per person) and Chile (104 kg per person).

In 2019, the U.S. (660K tonnes), followed by the Netherlands (376K tonnes), Germany (322K tonnes), the UK (275K tonnes), Russia (272K tonnes), Hong Kong SAR (240K tonnes) and China (239K tonnes) represented the key importers of grapes, together committing 53% of total imports. The following importers – Canada (187K tonnes), Thailand (130K tonnes), Poland (117K tonnes), France (116K tonnes), Indonesia (114K tonnes) and Pakistan (98K tonnes) – together made up 17% of total imports.

In value terms, the largest grape importing markets worldwide were the U.S. ($1.3B), Germany ($682M) and the Netherlands ($643M), together accounting for 30% of global imports. China, the UK, Hong Kong SAR, Canada, Thailand, Indonesia, Russia, France, Poland and Pakistan lagged somewhat behind, together accounting for a further 40%.

The average grape import price stood at $1,911 per tonne in 2019, standing approx. at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 4.3% against the previous year. Over the period under review, average import prices hit record highs at $2,048 per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Source: IndexBox AI Platform