wto plenary session -2011 pamela kirby johnson …€¦ · pamela kirby johnson obe. ......
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PAME
WTO PLENARY SESSION -2011Pamela Kirby Johnson OBE
To Promote International Trade in Agricultural Commodities and
General Produce
GAFTA’s Prime Objective
VOLATILE TRADING YEARS SINCE 2007
SUPPLY AND DEMAND FACTORS
World economyWeather conditionsCompetitiveness of freight ratesGovernments’ interference
An ambitious aim to enlarge food security, concentrating on price
volatility, for agriculture to grow 70% by 2050, with up to 100% for
developing nations.9 billion people by 2050
G20 Plan
•Fuel•Ethanol production•Technological advances for other
uses,
Competition
560580600620640660680700
2007-2008 2008-2009 2009-2010 2010-2011est
2011-2012 f
Source: IGC August Grain Market Report
World Wheat Production v Consumption Production Consumption
mt
720740760780800820840860880
2007-2008 2008-2009 2009-2010 2010-2011 est 2011-2012 f
mt
Source: IGC August Grain Market Report
World Maize Production v ConsumptionProduction Consumption
Soyabeans: Production V Trade
150
190
230
270
40
60
80
100
01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12
m. tons m. tons
< World trade
World production >
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
2006 2007 2008 2009 2010 2011
US$
/ton
Source: IGC
US Maize 3YC - Gulf US soyabeans 2 Y -Gulf US wheat HRW- Gulf
Export Prices 2006-2011
PAME
WTO PLENARY SESSIONPamela Kirby Johnson OBE
SEPTEMBER 2011