Global Grain Food and Feed 2017 JW Marriot, Aerocity, New Delhi Business Session – III Amit Takkar Conifer Commodities Pvt Ltd

Conifer Commodities Pvt Ltd www.coniferindia.com Started in August 2016. Track record of over 25 years in Agri trade. Agri Consultancy – Price forecasting, Risk Management, Executions.. Structured trade. Full service brokerage house.

Wheat Record Australian crop ~ 33 mio + ? Quality ? Logistics ? BSea – Heading for another bumper year Markets - Would they remain flat? Impact of MBR fumigation regulation change post march 2017? Will India need to import in 2017-18? Expected Indian crop = 31.55 M Ha X 3 T/Ha, 95 mio mt + ? FCI stock disappearance + Imports > 10 mio, how relevant for 2107-18 ? Impact on Indian consumption due to duty free low cost wheat? Would weather pop up surprises? Global - Globally well supplied Historic end stocks High Stocks to Use ratio Weather conducive for Northern Hemisphere India – Historic low end stock for FCI Imports to touch 4.5 million mt Record sowing and conducive weather

Corn Growth in Feed and Starch consumption Global - Globally well supplied Historic end stocks High Stocks to Use ratio Weather conducive for Northern Hemisphere Growth in Feed and Starch consumption Would India be an exporter again? Near term shortage – challenges in Imports. Long term trade friendly policy. Increase in area and better yields GM crops – is it the solution? India – Struggling with stocks Import against Advance license Rabi sowing – showing good signs

Pulses Is it still the cheapest source of protein? Selling below MSP from record highs in 2015-16 Trade structures, dispute resolution. Hedgeability Long term vision India heading for record production Buffer stock of 8 lac MT States looking at PDS Peas gaining acceptability

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