WTO PLENARY SESSION -2011 Pamela Kirby Johnson …€¦ · Pamela Kirby Johnson OBE. ......
Transcript of WTO PLENARY SESSION -2011 Pamela Kirby Johnson …€¦ · Pamela Kirby Johnson OBE. ......
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PAME
WTO PLENARY SESSION -2011Pamela Kirby Johnson OBE
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To Promote International Trade in Agricultural Commodities and
General Produce
GAFTA’s Prime Objective
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VOLATILE TRADING YEARS SINCE 2007
SUPPLY AND DEMAND FACTORS
World economyWeather conditionsCompetitiveness of freight ratesGovernments’ interference
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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
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•Fuel•Ethanol production•Technological advances for other
uses,
Competition
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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
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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
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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 >
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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
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PAME
WTO PLENARY SESSIONPamela Kirby Johnson OBE
SEPTEMBER 2011