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          1. Grain Milling Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/8/2020
            SIC Codes: 2041, 2044, 2083
            NAICS Codes: 31121
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Grain Milling Industry Profile

            Companies in this industry mill flour and rice, produce malt from grains (primarily barley), and mix prepared flour mixes and dough. Major companies include Archer Daniels Midland (ADM), Cargill, ConAgra, General Mills, and Riceland Foods (all based in the US), as well as China Agri-Industries (China), GrainCorp (Australia), Nisshin Seifun Group (Japan), REI Agro (India), and Wilmar International (Singapore).

            Demand for grain milling services is driven by global production of wheat, rice, and other cereal crops. Worldwide wheat production totals about 840 million metric tons per year, and annual rice production is about 500 million metric tons, according to the United Nations Food and Agriculture Organization (FAO). Demand for milled grains is expected to grow in developing countries, where populations are rising rapidly.

            The US grain milling industry includes about 420 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $20 billion.

            Wet corn milling, soybean processing, and vegetable oil refining are covered in the Edible Oils Manufacturing profile. Breakfast Cereal Manufacturing is also a separate industry profile.

            COMPETITIVE LANDSCAPE

            Demand is driven by population growth and consumer patterns in bread, whole grains, and rice consumption. The profitability of individual companies depends on managing grain prices and inventory effectively, and minimizing the risk of rodents, insects, and molds. Large companies have advantages in advanced milling technology and a diversified product line. Small operations can compete effectively by specializing ...

             
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