Dan Basse, global food expert and President of AgResource Chicago opened the conference with a look of the key changes in the market over the last 10 years, since the launch of the annual conference. He commented on how continued economic uncertainties, heightened political risk and increasingly volatile weather patterns are making the grains and oilseeds markets ever more complex to analyze. He also commented on the world grain outlook for 2012/13 and provided some observations for 2013/14.
Bernard Belk, Global Head of Swiss Re Corporate Solutions Food & Agricultural Business, participated on the panel - "An analysis of risk management tools across the value chain: How are traders and originators managing their business?". He explained how Swiss Re Corporate Solutions crop shortfall and revenue production products can be used to mitigate volume and price risk, thereby reducing volatility in earnings and cash flows. Furthermore, he provided examples explaining how our products and services are aimed at input suppliers, corporate farming operations, traders, banks/financial institutions, logistics companies, processors and other entities along the agribusiness value chain.
The Food & Agricultural Business team at Swiss Re Corporate Solutions also hosted a number of delegates at a cocktail reception, as one of main sponsors of the conference. Designed for the industry by trade professionals, Global Grain Geneva is an excellent conference for international grain and oilseed traders. It provides an opportunity to hear the views of international trade experts on the most important regional opportunities and challenges. Held annually in November, it has grown every year since it began in 2003 and this year over 1,000 delegates from more than 50 countries attended the event.
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