World Grain - March 2020 - 64

System under duress from trade disputes, coronavirus and other factors

G

rain markets face a new and uncertain set of cirSeveral hundred
delegates gathcumstances, experts told delegates at Paris Grain
ered in Paris on
Day, Jan. 31 in Paris, France. The world tradJan. 31 for Paris ing system is coming under challenge, China's role is
Grain Day. Photo FKDQJLQJPRVWGUDPDWLFDOO\EHFDXVHRIWKHH൵HFWRIWKH
courtesy of Paris
QRYHO FRURQDYLUXV &29,' RQ WKH ÀRZ RI JUDLQV
Grain Day.
and oilseeds, and prices are weak in a well-supplied
market.
Isabelle Job-Bazille, chief economist at Crédit
Agricole S.A., discussed what she called "the
new normal."
"We believe a low, sluggish growth environment
is here to stay," she said, pointing to favorable demographic conditions in the advanced economies.
"Long-term growth depends on productivity gains.
Since the end of the 1970s, we seem to have exhausted
those gains.
"The digital revolution is transforming the structure of our economies. The industrial sector is declining in importance in advanced economies. Machines
are replacing humans. The service sector is bloated
in our economies, which explains why we have sluggish growth."
Services are labor-intensive and grow more slowly.
She welcomed a pause in the trade war between the

64

United States and China and the failure of no-deal
Brexit to materialize. With the process of the U.K.
leaving the E.U., "we're about to enter into some pretty
tough negotiations," she said.
The U.S. election could create increased uncertainty.
³/HVVHU TXDOL¿HG HPSOR\HHV LQ DGYDQFHG FRXQWULHV
are competing with lower-cost countries," she said.
That means that their pay is capped and the labor
market becoming more polarized.
"What is disappearing is intermediate jobs that the
middle classes work in," she said, raising the threat of
the "rejection of the political elites who will not address these failures. There are a lot of votes on the far
right and the far left.
"Interest rates will remain low in the foreseeable future. There is an excess of savings in advanced economies. On the other hand, there is a lack of investment.
We're going to be in an environment of great uncertainty. There is very deep rejection of world order with
its multilateral rules."
DISTURBING TRADE TRENDS
Abdolreza Abbassian, senior economist at the FAO and
Secretary at AMIS (Agricultural Market Information
System), considered the FAO Food Price Index.
March 2020 / World Grain / www.World-Grain.com

Photos by Paris Grain Day.

by Chris Lyddon



http://www.World-Grain.com

World Grain - March 2020

Table of Contents for the Digital Edition of World Grain - March 2020

World Grain - March
Contents
FROM THE EDITOR - Coronavirus yet another challenge for agribusiness
CALENDAR OF EVENTS
NEWSREVIEW
GRAINMARKET REVIEW - WHEAT
COUNTRY FOCUS - FOCUS ON INDIA
INDIA’S INFATUATION WITH FLATBREAD
LOULIS MILLS STILL GROWING AFTER 238 YEARS
BIOSECURITY ISSUES DISCUSSED AT IPPE
Biofuels industry tackling challenges
IAOM ANNUAL CONFERENCE FOCUSES ON FOOD SAFETY
PRODUCT SHOWCASE
Grain traders dealing with 'new normal'
MILLING OPERATIONS - Influence of lab milling on flour quality tests
Common pest hiding spots
Are solar cycles linked to world turmoil?
SUPPLIER NEWS
WORLD GRAIN ARCHIVE
World Grain - March 2020 - World Grain - March
World Grain - March 2020 - World Grain - March
World Grain - March 2020 - 2
World Grain - March 2020 - 3
World Grain - March 2020 - 4
World Grain - March 2020 - Contents
World Grain - March 2020 - FROM THE EDITOR - Coronavirus yet another challenge for agribusiness
World Grain - March 2020 - 7
World Grain - March 2020 - CALENDAR OF EVENTS
World Grain - March 2020 - 9
World Grain - March 2020 - NEWSREVIEW
World Grain - March 2020 - 11
World Grain - March 2020 - 12
World Grain - March 2020 - 13
World Grain - March 2020 - 14
World Grain - March 2020 - 15
World Grain - March 2020 - GRAINMARKET REVIEW - WHEAT
World Grain - March 2020 - 17
World Grain - March 2020 - COUNTRY FOCUS - FOCUS ON INDIA
World Grain - March 2020 - 19
World Grain - March 2020 - 20
World Grain - March 2020 - 21
World Grain - March 2020 - INDIA’S INFATUATION WITH FLATBREAD
World Grain - March 2020 - 23
World Grain - March 2020 - 24
World Grain - March 2020 - 25
World Grain - March 2020 - LOULIS MILLS STILL GROWING AFTER 238 YEARS
World Grain - March 2020 - 27
World Grain - March 2020 - 28
World Grain - March 2020 - 29
World Grain - March 2020 - 30
World Grain - March 2020 - 31
World Grain - March 2020 - 32
World Grain - March 2020 - 33
World Grain - March 2020 - BIOSECURITY ISSUES DISCUSSED AT IPPE
World Grain - March 2020 - 35
World Grain - March 2020 - 36
World Grain - March 2020 - 37
World Grain - March 2020 - 38
World Grain - March 2020 - 39
World Grain - March 2020 - 40
World Grain - March 2020 - 41
World Grain - March 2020 - 42
World Grain - March 2020 - 43
World Grain - March 2020 - 44
World Grain - March 2020 - 45
World Grain - March 2020 - 46
World Grain - March 2020 - 47
World Grain - March 2020 - Biofuels industry tackling challenges
World Grain - March 2020 - 49
World Grain - March 2020 - 50
World Grain - March 2020 - 51
World Grain - March 2020 - 52
World Grain - March 2020 - 53
World Grain - March 2020 - IAOM ANNUAL CONFERENCE FOCUSES ON FOOD SAFETY
World Grain - March 2020 - 55
World Grain - March 2020 - PRODUCT SHOWCASE
World Grain - March 2020 - 57
World Grain - March 2020 - 58
World Grain - March 2020 - 59
World Grain - March 2020 - 60
World Grain - March 2020 - 61
World Grain - March 2020 - 62
World Grain - March 2020 - 63
World Grain - March 2020 - Grain traders dealing with 'new normal'
World Grain - March 2020 - 65
World Grain - March 2020 - 66
World Grain - March 2020 - 67
World Grain - March 2020 - 68
World Grain - March 2020 - 69
World Grain - March 2020 - MILLING OPERATIONS - Influence of lab milling on flour quality tests
World Grain - March 2020 - 71
World Grain - March 2020 - 72
World Grain - March 2020 - 73
World Grain - March 2020 - 74
World Grain - March 2020 - 75
World Grain - March 2020 - Common pest hiding spots
World Grain - March 2020 - 77
World Grain - March 2020 - 78
World Grain - March 2020 - 79
World Grain - March 2020 - Are solar cycles linked to world turmoil?
World Grain - March 2020 - 81
World Grain - March 2020 - SUPPLIER NEWS
World Grain - March 2020 - 83
World Grain - March 2020 - 84
World Grain - March 2020 - 85
World Grain - March 2020 - 86
World Grain - March 2020 - 87
World Grain - March 2020 - 88
World Grain - March 2020 - WORLD GRAIN ARCHIVE
World Grain - March 2020 - 90
World Grain - March 2020 - 91
World Grain - March 2020 - 92
https://digital.world-grain.com/sosland/wg/world-grain-may-2024
https://digital.world-grain.com/sosland/wg/world-grain-april-2024
https://digital.world-grain.com/sosland/wg/world-grain-march-2024
https://digital.world-grain.com/sosland/wg/world-grain-february-2024
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https://digital.world-grain.com/sosland/wg/world-grain-december-2023
https://digital.world-grain.com/sosland/wg/world-grain-november-2023
https://digital.world-grain.com/sosland/wg/world-grain-october-2023
https://digital.world-grain.com/sosland/wg/world-grain-september-2023
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https://digital.world-grain.com/sosland/wg/world-grain-june-2023
https://digital.world-grain.com/sosland/wg/world-grain-may-2023
https://digital.world-grain.com/sosland/wg/world-grain-april-2023
https://digital.world-grain.com/sosland/wg/world-grain-march-2023
https://digital.world-grain.com/sosland/wg/world-grain-february-2023
https://digital.world-grain.com/sosland/wg/world-grain-january-2023
https://digital.world-grain.com/sosland/wg/world-grain-december-2022
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https://digital.world-grain.com/sosland/wg/world-grain-october-2022
https://digital.world-grain.com/sosland/wg/world-grain-september-2022
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https://digital.world-grain.com/sosland/wg/world-grain-may-2022
https://digital.world-grain.com/sosland/wg/world-grain-april-2022
https://digital.world-grain.com/sosland/wg/world-grain-march-2022
https://digital.world-grain.com/sosland/wg/world-grain-february-2022
https://digital.world-grain.com/sosland/wg/world-grain-january-2022
https://digital.world-grain.com/sosland/wg/world-grain-december-2021
https://digital.world-grain.com/sosland/wg/-world-grain-november-2021
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
https://digital.world-grain.com/sosland/wg/world-grain-june-2021
https://digital.world-grain.com/sosland/wg/world-grain-may-2021
https://digital.world-grain.com/sosland/wg/world-grain-april-2021
https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
https://digital.world-grain.com/sosland/wg/2021_01_01
https://digital.world-grain.com/sosland/wg/2020_12_01
https://digital.world-grain.com/sosland/wg/2020_11_01
https://digital.world-grain.com/sosland/wg/2020_10_01
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https://digital.world-grain.com/sosland/wg/2020_06_01
https://digital.world-grain.com/sosland/wg/2020_05_01
https://digital.world-grain.com/sosland/wg/2020_04_01
https://digital.world-grain.com/sosland/wg/2020_03_01
https://digital.world-grain.com/sosland/wg/2020_02_01
https://digital.world-grain.com/sosland/wg/2020_01_01
https://digital.world-grain.com/sosland/wg/2019_12_01
https://digital.world-grain.com/sosland/wg/2019_11_01
https://digital.world-grain.com/sosland/wg/2019_10_01
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https://digital.world-grain.com/sosland/wg/2019_02_01
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https://www.nxtbook.com/sosland/wg/2017_12_01
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https://www.nxtbook.com/sosland/wg/2017_02_01
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https://www.nxtbook.com/sosland/wg/2016_12_01
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https://www.nxtbook.com/sosland/wg/2016_02_01
https://www.nxtbook.com/sosland/wg/2016_01_01
https://www.nxtbook.com/sosland/wg/2015_12_01
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https://www.nxtbook.com/sosland/wg/2015_10_01
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