India Maize Summit New Delhi 20th March 2014 A

Transcript:India Maize Summit New Delhi 20th March 2014 A:
India Maize Summit New Delhi 20th March 2014 A Little about Noble + Global Corn Trade and its likely impact on India By Major Rajiv Yadav What do we do? Founded in 1987 Operates from over 140 locations and 35 countries Three Business divisions (percentage of revenue) Energy (68%) Agriculture (16%) Metals, Minerals and Ores (16%) Owns assets and participates along the supply chain Focuses on low cost sourcing to high growth markets Noble is listed in Singapore , with headquarters in Hong Kong. We are ranked number 76 in the 2013 Fortune 500 Size & Growth Strong growth in all divisions Revenue was USD 94b in 2012 Tonnage has increased nearly 60 per cent to 224 million tonnes per annum in the last five years Total Revenue (US$ billion) * Our Former Logistics segment results are, from Q1 2011, consolidated into the Physical commodity divisions, reflecting the nature of our business we provide logistic/chartering services to support the underlying physical commodity segments. Agri business Focus on Grains, Oilseeds, Sugar, Cotton, Coffee and Cocoa The Agri business unit traded over 44 metric tonnes in 2012 – almost triple the flow in 2006 Assets New oilseed crushing facilities in Brazil, Argentina, Ukraine and South Africa, together with the existing four plants in China, produce a global throughput of 10 million tonnes per year Cluster of strategically located port facilities in Argentina and Brazil A complex of four state-of-the-art sugar and ethanol mills in Brazil A 1400 tns per day edible oil refinery at Kandla(India) INDEX Production estimates – 2013/14 SND Snapshot India Exports Growth Destination markets Price behavior World Corn Yields Vs Indian Corn Yields Future challenges India Maize Production SND Snapshot - India Current Scenario – Indian Corn Increase in Kharif crop production by almost 1.1 MMT vs. last year (Maharashtra and Karnataka). Non-competitive Indian corn prices vs. other origins kept Indian corn exports miniscule in first quarter, however with Ukraine crisis (and thus steep rise in world corn prices), Indian corn could find its way into export market. Ending stocks to revive from last year exceptionally low levels with higher output + limited exports in Q1. Alternate usages of corn increasing in starch/distillery/biofuel. Poultry growth has been stagnant…… Still catching up with last year export volumes look unachievable till now….unless something major change happens across globe. Exports – Sudden growth after slow start No surprise if we catch up