Global Grain & Feed Forum: India’s First Forum Held in Goa01 July 2014
INDIA - Goa has hosted India’s first Global Grain & Feed Forum 2014, which was organized by Tefla’s under the patronage of the Solvent Extractors Association’s of India (SEAI) from 20-21 June.
The two day event had huge participation which included grain traders, exporters, overseas buyers, brokers, and others.
The event discussed issues pertaining to agriculture in India, global grain consumption - production and trends, feed sector, finance for grain and feed sector, supply and demand and supply for maize.
Speaking at the inaugural session, Vijay Data, president of SEAI said: “India’s vegetable oil industry is valued at $25 billion and import and export contribute to around $13 billion. The industry caters to nation’s annual vegetable oil demand of 18 million tonnes.”
To promote trade, SEAI constantly interacts with manufactures and exporters, overseas buyers, brokers, vegetable oil importers and others.
Data also quoted prime minister, Narendra Modi and said, "our new prime minster has said that agriculture sector under the new government will see implementation of some innovative ideas like increasing farm production through use of technology, increasing investment in agri-infrastructure – like setting up specialized agri-rail networks for perishable farm products, a launching massive irrigation protects at village level and interlinking of rivers.”
Data welcomed the delegates that discussed on latest supply and demand of grains and feeds, weather development and its impact on production of kharif grain & oil seeds, price outlook-short term and long term for grains and feeds and other important issues related to grain and feed trade.
“The event will be a calendar year and will see more participation in the years to come,” BV Mehta, executive director, SEAI said at the event.
Data asked, will Asia be able to feed itself in future? Will resource constraints come in the way? Will Asia be able to produce enough grains and feeds to meet its burgeoning demand? Will Asia be forced to continue to reply on the western economies for some of its expanding food and feed needs? These are important questions that deserve close attention.
Asia represents a significant part of world’s fine cereals as consumption and trade. India and China are the world’s two largest wheat and rice producers. Asian countries are large consumers of these foods as well as consumers of a variety of feeds on the back of a growing livestock sector.
Regional trade in these commodities is significant.
SEAI is India’s premier association of vegetable oil industry and trade. It has been recognised as non-governmental organisation and has received a status of trade promotion organisation from the Indian commerce ministry.
SEAI has conducted activities for export of various oil meals, compounded feeds for animals, poultry and aqua species, castor oil and its derivatives and minor oils.
TheCropSite News Desk