Good Grains International, Inc.
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The Market
The Sweet White Lupin legume is essentially an oilseed, and thus, is priced and positioned comparatively and competitively, to other oilseeds and oilseed products. The following table summarizes the world- wide market in oilseed and oilseed products: Table 2World Market in Oilseeds and Oilseed Product
Value is based on:
As indicated above, the world market for edible oilseeds and protein meal is 127.4 billion dollars and expanding rapidly, as new uses and applications for edible oil and protein products are being developed in addition to the soybean which dominates 54% of the oilseed market, 29% of the vegetable oil market and 62% of the protein rapeseed, cottonseed, peanut and sunflower seed market. |
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World food crops and food commodities reserves have fallen dramatically over recent years, with grain surpluses dwindling to less than three months supply, to the lowest point in recent decades. Many nations face sharp decreases in agricultural productivity, due to destructive farming practices such as mono-cropping, pesticide and chemical fertilizer abuse, extreme weather conditions, such as heat spells, droughts, flooding and uncharacteristic cold snaps, and due to slumping economies, mismanagement and political instability. Experts are predicting continuing gloom regarding world food shortages and unsatisfiable, increased demands. Tight grain supplies already are pushing up prices of bread, cereals, eggs and other foods. Figures compiled by Donaldson, Lufkin and Jenrette Securities Corporation show that in the past twelve months, U.S. commodities prices of corn are up 59%, soybeans 28% and wheat 26%. Consequently, the timing for the introduction of Sweet White Lupin into the world market, via the world commodities trading arena, could not be better.