Videos uploaded by user “CommodityFansTV”
FT Markets: Cargill’s History and Future Progress
In this FT Markets video, the Global Commodities Summit and the commodities market in general is discussed by Javier Blas, Commodities Editor of the Financial Times, and Gregory Page, CEO and Chairman of Cargill, the world’s largest trader of agricultural commodities. Page comments that the distance between complacency and crisis is now much narrower than it has been in the past 5 years. Page comments on the “comfort” in food prices, even though agriculturally the situation is weaker than previously seen. The next 10 years, according to Page, will see the growth in per capita income in developing countries evolving to create even further demand for services such as Cargill’s. Page comments that the Cargill family’s company has remained strong as a result of effort and careful estate planning. Reinvestment and dividends have been controlled for the best outcome for the company, and this has allowed its growth.
Views: 2390 CommodityFansTV
CEO of Cargill Gregory Page’s Speech at Darden on Global Food Security
Gregory R. Page, the current Chairman and CEO of Cargill, visits Darden and the University of Virginia to give a speech. Cargill actively recruits from Darden for its Strategy and Business Development Group. The topic of this hour-long video is global food security, a global debate which Cargill has actively engaged with in recent years. Food will become scarce over time, and Cargill’s CEO is sure that the world can “feed itself”, with the right deployment, as the technology already exists. Cargill has developed from a small grain elevator into a huge food production and development company, and as such is invested in continuing to provide food sources for global consumption. Gregory Page discusses the future of agriculture and the expansion of current production in order to feed the planet.
Views: 518 CommodityFansTV
Vitol’s Deal with Nimrod and what it means for Trading
This interview features Bob Finch, a Senior Trader at Vitol. He discusses a deal with Nimrod, in which the company bought 35% of a terminal in Mozambique. This, he explains, was in order to finance an expansion in conjunction with Nimrod to eventually develop the terminal into one of the area’s largest exportation sites for Sub-Saharan coal. The partnership will see Vitol provide funding for the terminal’s expansion, as well the creation of a joint venture trading company with Nimrod, of which Vitol will own a 65% stake. The terminal is important to Vitol, Bob Finch says, because of the relationship between the company and the mining community in the area. It is strategically very important for South African coal, and coal trading is highly important, particularly in the Far East and China, and Mozambique is another area that has to develop. Bob Finch also says that motivation and people skills are very important for a career in trading.
Views: 113 CommodityFansTV
The Street gives its view on Glencore
Glencore, the commodity trading company, is discussed in this video in the context of metals trading. The Street show’s leading financial market analyst, Debra Borchardt, and senior contributor Dan Dicker, analyse the fact that Glencore is buying into many smaller metals trading and mining companies, leading to the development of the company into one of the largest in the world. The purchasing of mining operations and other physical assets has supported the marketing and trading assets of Glencore. The metals mined include zinc and copper, for both of which they own the majority in the worldwide market. Glencore, according to the experts, is a good investment because of its ability to control the market and its relative security. Glencore is currently traded on the London Stock Exchange.
Views: 97 CommodityFansTV
Cargill’s 'Global Food System' in Detail
In this video Greg Page, CEO of Cargill, speaks with Michael Elliot, CEO of One.org, about food production and Cargill’s “global food system” ideas for the future. Both Page and Elliot point out that in order to double food production to keep current and future supplies sated, African territories must be utilised. Sixty percent of Africa’s lands are arable, and with the supply of rain that this soil gets, it is perfect for producing food products. Page is of the opinion that with the right crops, right technology and right land, production would only have to be increased incrementally to double production. The global food market, says Page, has become global by dint of being more transparent. Food, water and agriculture must be dealt with transparently to help with the integration of operations in local areas. Page notes that NGOs and television programmes have been introduced to Cargill’s operations to increase visibility and inspire trust and engagement on a global scale. For further information, please watch the video.
Views: 41 CommodityFansTV
Focus Washington: Oil Trading and Vitol
In this 4 minute video, Vitol President and Chief Executive Officer Mike Loya discusses oil trading in a Focus Washington segment. Loya describes Vitol as being created to help provide the US market with oil trading facilities and products lacking in the region. It engages in both import and export activities in the United States. Challenges in the oil industry, he says, are mainly to do with logistics and the fluctuation of oil prices. Vitol is involved crude oil products, as well as some natural gas and energy, but its main focus is in oil. Its new terminal in Florida is designed to fulfil the need for oil products in the region, where a lack of existing resources necessitates the need to import them. Vitol is also involved in operations in Los Angeles, providing fuel to airlines through a sub company which supplies LAX airport.
Views: 83 CommodityFansTV