Home Page
News
NEWS
Show All
14 October 20243 min reading
COCERAL lowers 2024 EU grain crop forecast amid challenging weather conditions
COCERAL, the European association of trade in cereals, oilseeds, pulses, animal feed, olive oil, oils and fats, and agrosupply, has released its fourth forecast for the 2024 grain crop, projecting a significant reduction in total production for the EU-27+UK. The total grain output is now expected to reach 280.3 million tonnes, a notable decrease from the previous estimate of 296 million tonnes in June and down from the 294.2 million tonnes harvested in 2023.
11 October 20243 min reading
Fastmarkets’ Global Grain Geneva-2024: The Premier Global Gathering for Agri Traders
Fastmarkets is inviting you to join the upcoming Global Grain Geneva Conference 2024, one of the world’s most prestigious events of agri-commodity traders, leaders and industry experts.
11 October 20242 min reading
Algeria aims for wheat self-sufficiency by 2025
Algerian President Abdelmadjid Tebboune announced 2024, that the country is on track to achieve full self-sufficiency in durum wheat production by the end of 2025.
11 October 20243 min reading
Turkey reportedly set to partially lift wheat import ban
Turkey’s wheat import ban, in effect since June 21, will be partially lifted after October 15.
Cover Story
COVER STORY
Show All
09 October 20244 min reading
Reimagining grain storage: How square silos are changing the game
As global food demand continues to rise, the need for efficient, reliable grain storage solutions becomes increasingly important.
09 October 20247 min reading
Safeguarding grains: Balancing food safety, quality, and sustainability
In an era marked by significant climatic shifts and growing food security concerns, the principle “every single grain counts” has never been more relevant.
09 October 20245 min reading
Safeguarding the grain: Ensuring crop safety and quality
In today’s complex agricultural environment, safeguarding the quality and safety of grain crops is more essential than ever.
11 September 20246 min reading
Focusing on food security: How to enhance the resilience of the food system
Grains are essential to global food security, but ensuring that there is enough for everyone requires a multi-faceted approach.
Interview
INTERVIEW
Show All
09 October 20247 min reading
Wheat import ban threatens Turkey’s flour export leadership
“The import ban on wheat imposed by TMO until October 15 has been an extremely challenging period for our sector. The ban on imports and the uncertainty in wheat prices have created serious difficulties in maintaining our leadership position in the global market. During this period, our exports have seen an average decrease of 40%. We hope for a swift resolution to restore our export successes. We urge the authorities to support us by providing solutions to ensure we obtain wheat at global prices, so we do not lose our export markets.”
11 September 202419 min reading
Turkish Mercantile Exchange’s 5-Year Journey: How TMEX is Transforming Turkey’s agricultural sector and grain markets
The Turkish Mercantile Exchange (TMEX) is leading the transformation of Turkey's agricultural sector, marked by a remarkable threefold increase in licensed warehouse capacity over five years and the upcoming launch of a futures market by 2025.
04 September 20247 min reading
Ukrainian Wheat: Harvest insights and the global export landscape
In an insightful interview with Miller Magazine, grain market observer at Fastmarkets, Masha Belikova sheds light on the factors influencing Ukraine’s wheat export strategies, the impact of European crop shortages, and the complexities of maintaining stable trade routes amid geopolitical tensions.
09 August 20247 min reading
Food City Project: Molino's vision for integrated, sustainable food systems
In an exclusive interview, Salim Alaybeyi, Vice President of Molino, reveals how the company’s 70-year legacy has evolved into a global leader in grain processing.
Article
ARTICLE
Show All
09 October 20245 min reading
Weather and geopolitical tensions add pressure to global grain markets
As extreme weather and geopolitical tensions present challenges to global food security, the global grain market is facing significant hurdles.
12 September 20249 min reading
Ensuring optimal grain quality: The future of wheat testing
“Given the diverse quality assessment requirements at different stages of wheat processing— ranging from storage to milling to food production—there is a growing need to explore the current applications of NIR technology in wheat testing..."
11 September 20247 min reading
Modernizing maize: How technology is enhancing Mexico’s staple grain
Maize matters in Mexico. The region that first farmed the versatile grain is still the world’s largest per-capita consumer.
15 August 20248 min reading
Molino Quaglia: Where flour becomes art
Molino Quaglia has been producing wheat flour for more than 100 years in the heart of the Veneto region in Este in Northeastern Italy.
Country Profile
COUNTRY PROFILE
Show All
10 October 20245 min reading
Japan struggles with rice shortfall amid surging prices
Japan is experiencing a shortage of rice, leading to escalating prices and widespread empty shelves in supermarkets, as demand has outstripped supply.
12 September 20249 min reading
Turkey’s new roadmap in grain industry
Grains form the backbone of Turkey’s agricultural production, standing out as an indispensable resource for both plant and animal production.
11 July 20249 min reading
Pakistan’s grain outlook
According to the USDA’s latest June Pakistan country report, wheat production for the marketing year 2024/25 (May-April) is expected to reach a record 31.4 million metric tons (MMT), which is eleven percent higher than last year’s production of 28.2 MMT.
13 June 20245 min reading
Canada’s Grain Outlook for 2024/25
Canada remains a major player in global grain production, consistently ranking among the top producers and exporters of wheat, barley and canola.
Technology Platform
TECHNOLOGY PLATFORM
Show All
12 August 20249 min reading
Adapting grain management strategies to meet a changing world
In an industry where innovation meets necessity, CESCO EPC GmbH stands out as a model of invention and resilience.
10 June 20244 min reading
Growing global demand fuels innovation in grain logistics
In an interview during the recent IDMA Istanbul Expo, Mehmet Büyükzeren, the General Manager of Yılmaz Kardeş Hydraulic Machinery Industry Co., shares his insights on the critical role of logistics in the global grain trade and the increasing demand for advanced unloading platforms.
10 June 20244 min reading
Turkish milling machinery sector seeks export funding boost
One of our significant visits at the IDMA Expo was Çift Kartal, a stalwart in the milling machinery industry with over half a century of experience.
04 June 20245 min reading
Maxi-Lift’s focus on EAME and APAC markets highlighted at IDMA Expo
In an interview during the IDMA EXPO in Istanbul, André Rigo, International Sales Director of DuraPlas/Maxi-Lift Inc., shared insights on the company’s journey, recent innovations, major projects, and the future of the grain processing industry.
Market Analysis
MARKET ANALYSIS
Show All
10 October 20247 min reading
Turkey’s new wheat import rules & world weather woes
Implementation of Turkish wheat import ban on 21 June 2024 was a heavy bearish factor for Black Sea wheat and freight market.
06 September 20248 min reading
Ukrainian wheat export: From tradition to transition
Ukraine has faced significant challenges in maintaining its traditional markets in North Africa, the Middle East, and Southeast Asia – particularly in Egypt, Turkey, and Indonesia – since the onset of the war.
09 August 202410 min reading
Upcoming barley trends or how to ride the wave?
The prospects of Ukrainian barley export in 2024/25 MY may seem quite gloomy from the point of view of potential buyers’ demand, as such key destinations like Spain and China may reduce purchases.
11 July 20248 min reading
Turkish wheat import ban pressed prices beforehand harvesting
On 06 June 2024, the government of Turkey introduced a ban on wheat import for the period from 21 June 2024 to 15 October 2024. The measure is taken to protect local farmers during the harvesting period.
Idma Today
IDMA TODAY
Show All
11 June 20245 min reading
IDMA Today and BBM Mutfak bring dynamism and flavors to IDMA
At IDMA Istanbul, the industry witnessed the debut of two initiatives by Parantez Media:
09 May 20243 min reading
TABADER hosts 5th Doyens Award Night
Simultaneously organized with IDMA Istanbul, the fifth edition of TABADER’s now customary Doyens Award Ceremony took place on May 2nd at Wow Hotel.
08 May 20244 min reading
IDMA Istanbul hosts pulse of grain processing industry with 10,000 visitors from 120 countries
The global grain processing industry convened in Istanbul. The domestic sector, specializing in flour, grain, feed, pulses production equipment, and milling machinery, crucially exporting 90 percent of its output, gathered with over 10,000 professionals from 120 countries at the 10th IDMA Istanbul.
04 May 20242 min reading
Turkish-Moroccan flour industry bond strengthened at IDMA Expo
In an exclusive interview during the IDMA Expo in Istanbul, Moulay Abdelkadir Alalaoui, President of the Moroccan Flour Milling Federation (FNM), provides a comprehensive overview of the state of flour milling in Morocco and its relationship with Turkey.

BLOG

AGI acquires Indian processing equipment company Milltec

20 May 20192 min reading

AGI, a leading provider of equipment solutions for agriculture bulk commodities, acquires 100% of the shares of Milltec Machinery Limited, a market leading manufacturer of rice milling and processing equipment in India.

Ag Growth International Inc. (AGI) announced that the previously disclosed transaction to acquire 100% of the shares of Milltec Machinery Limited (“Milltec”) was completed. The purchase price for Milltec was $109.5 million, plus the potential for up to an additional $38.4 million based on the achievement of EBITDA targets. The transaction was funded by AGI’s revolving credit facility. For the twelve months ended January 31, 2019, Milltec’s sales and EBITDA were $56.2 million and $10.1 million, respectively.

Milltec is headquartered in Bangalore, India, and is a market leading manufacturer of rice milling and processing equipment in India. “The acquisition of Milltec marks an important step for AGI as we expand into rice equipment and enter the large, and rapidly growing, markets in India. Milltec now forms the foundation of our platform in India as we build a footprint to deliver our complete 5-6-7 strategy. India is one of the world’s largest producers and consumers of all agriculture products and will invest heavily in the infrastructure required to facilitate the daily lives of over a billion people. Milltec joins AGI at an inflection point in its journey from a small regional company to a Pan-India business. We will invest and collaborate to accelerate this journey. The founders of Milltec, and a very talented team, are joining AGI in the pursuit of our goal to supply the world’s food infrastructure,” said Tim Close, President and CEO of AGI.

The acquisition of Milltec moves AGI into the rice processing systems space with a complete product line and establishes AGI’s platform in India. AGI gains seasonal and cyclical diversification through this acquisition.Milltec adds a complete rice processing product line to AGI’s product catalogue and provides a platform for further consolidation in India, which is very fragmented across the seed, fertilizer, grain, feed and food industries.The acquisition also provides AGI with greater access to the broader Asian markets.