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All the stops and mental stops cleared out today? Too much of a drop for "Buy on the rumor, sell on the news" I say buy in the AM Monday. It may never be lower again.
Comments from a good science SH
Abouit the April CC
Some thoughts.
I'm not at all surprised that JS didn't dump on JL and DB. I don't think it's his place or he's in a position to do that. They hired him. If Koppes is worth his salt with his background in corporate governance, maybe we've seen the end of that kind of behavior. But remember most all boards find it acceptable to grant themselves raises and bonus that shareholders find undeserved.
JS went to the China trade show with CG. He met with Bright to reopen or continue talks. We have no idea how close or far away any deal with Bright is. But time is their adversary as it is ours. He may drive a harder bargain with the Chinese but he probably has much more credibility with them.
Of course the CC could have been better but I found a lot to be optimistic about. If shareholders got behind the new team it would help immensely. Colin was good and Leo seemed relieved to be out of BK and anxious to move forward with the new initiatives.. Some new customers and some new countries a plus,
The LT holders seemed on balance to be pleased with what they heard while still disappointed with lack of progress in noted areas. Road shows eaxh month will help..
Lecithin is in first stage of expansion-by years end. Leo said RBO for cosmetics was possible after distilling equipment is installed.
Though no pharma deal was mentioned JS did speak favorably about the HS extracts.
I think the Nutrazilla is setting sail again but this time instead of headwinds they have some wind at their backs. They would have more if shareholders stopped bickering and complaining and criticizing every single thing they say and do or don't say and don't do . They need our positive energy and belief in their ability to succeed more than ever now It's time to rally behind them and make the best of it Today marks the dawn of a new future. Rice bran and RBO are the future. Let's get on with it and not blow it or hinder it with our engrained negativity.
Remote chance for Bright buying GNC.....
.... And NTRZ being a part of it. Today the GNC IPO was introduced. My thought is that Bright may want a listing on US exchanges and buying the stock of GNC gets them here. I could be way off, but the timing of the IPO and Z's exit of BK and refiling could be more than a coincidence. I don't mean Bright buying NTRZ, but a nutra/pharm deal could be tied to it involving Bright and NTRZ after Bright buying GNC.
http://in.reuters.com/article/2011/04/01/gnc-ipo-idINNWEN021220110401
GL ALL
Multiple smaller locations in China
2nd listen is always better than the first
First of all my April question is just that they will do a three day road show in mid April. That makes Aroof think that a pharma and or nutraceutical deal will be out by then. They will have more reason to toot their horn.
Then, leading to the biggie, I think Belt said that expansion will be financed three ways
1. Equity-- In my opinion, we can't afford that here
2. Convertible Preferred
3. Partnership like with Alothon-- In my opinion, that is tough because we had equity in Brazil and like have none in China, Philippines, Europe, etc.
Notice licensing was not mentioned. But, I suppose it is possible.
Now the biggie
Listen to the about 1:02:00 time for about two minutes. Short is talking about China. Not word for word her, but close.
"I was with the Bright Food guys last week and they are definitely interested. For all the right reasons such as growing food shortages and population, China is ABSOLUTELY INTERESTED. We may have a smaller scope and doing smaller locations rather than one big one. Discussions continue and both sides are interested."
Now, add in, Short said earlier that Z wants to focus on the biggest and best long term opportunities. China sure sounds like just that. Short could be negotiating with Wilmar, Bright and whoever for the best deal. They all have to want us.Indonesia, or Thailand could sell to China, so we don't have to go anywhere. So Short has some leverage. We can't go everywhere at once because customers have to be built for customers of the plants.
But, if we can't afford a big plant, how do we afford "several smaller sites"? I can only guess Bright buys convertible preferred stock and with the proceeds, Z may license many smaller existing plants in China? I don't know, that is just my best guess. But, it does not sound like a deal in immanent, but who knows. China could sell to Indonesia and the Philippines, good location.
Listen to the 1:02:00 to the 1:04:00 question and answer portion of the CC.
I am putting in a lower bid than .30 for Monday for a little more stock.
Sentiment : Strong Buy
Koppes helped bankrupt California, OMG
TRZ has a new BOD member Richard H. Koppes
http://finance.yahoo.com/news/NutraCea-Appoints-Richard-H-prnews-2657568385.html?x=0&.v=1
The California Public Employees' Retirement System is bankrupting the state of California. In my opinion, government employees unions have been bargaining with higher up government employees or legislaters who were government employees. And those higher up's would get pay increases in proportion to the new union contracts. So, the union bascially bargined with itself, OMG. I call that corruption, not goverernance.
In my opinion Koppes is a TERRIBLE SYMBOLIC CHOICE.
If RJA open up tomorrow, I will add. The 50 day MA looks key.
http://stockcharts.com/h-sc/ui?s=RJA&p=D&yr=0&mn=2&dy=0&id=p37201737240
Tears of the Clown-Smokey Robinson & The Miracles
What others are saying about the filings.
gnus--
They say in the Q3 10-Q that they are suppose to get $1 million more from Irgovel partners by today. This would seem to mean they met the EBIDTA targets for the 6 months ended 3/31. That would be good news.
Also it appears that Irgovel lost money every quarter in 2010, including about $300,000 in Q4.
But from FN 21 in 10-K and similar FN in the Q3 10-Q, it appears they were slightly EBIDTA negative thru Q3 ($136,000 negative EBIDTA) but EBIDTA positive in Q4 - $452,000
--------------------------------------------------------
HS settlement to be paid in April.
Dillon is no longer being marketed for sale. Not sure if that was there choice or a result of no satisfactory offers to buy it.
---------------------------------------------
In January 2011, Irgovel entered into a commitment to supply $0.4 million of crude rice bran oil each month from April 2011 to December 2011. The commitment represents approximately 50% of Irgovel’s crude oil production capacity
-------------------------------------------------
malty
They lost (.08) per share, gross margins increased to 22%, and SG&A decreased by 25%.
All in all that's pretty good incremental progress. No forward momentum in sales, thouigh, off about 5% from 2009.
-------------------------------------------
Earthrocker
It is showing a recovery plan being executed, not a company being executed.
---------------------------------------------------------
malty sees' the pot ential 50% oil customer>>
Also notes that ongoing RBO shipments to japan have not been affected by the earthquake.
Sounds like they are at capacity, although revs were flat from 2009.
---------------------------------------------------------
And for fun, xybr with an observation with an observation and malty with a fun statement
xybrfuture
FRM pg. 17
As part of the Chapter 11 Reorganization, the leases were assumed under Section 365 of the Bankruptcy Code. Arrearages due under the leases were paid in January 2011 and the lawsuit was dismissed. FRM also asserted a claim for monetary damages for breach of a supply agreement, but that claim was dismissed from the lawsuit and allowed as a general unsecured claim in the Chapter 11 Reorganization.
And malty>>
That's a tactful way of saying Z's lawyers took those guys apart. They originally tried to terminate Z's lease.
Some of it is out
http://biz.yahoo.com/e/110331/ntrz.pk10-q.html
The Mother Of All CCs.....
.....I hope comes tomorrow. The price today is light for a 5% gain. Nobody is really selling the last two day.
Better to have friends than see "Fire and Rain"
NTRZ bankruptcy case formally closed
From gnus, from Pacer
Final Decree issued - Lodged order tonight
This will be final this week. The BK case is closed.
There are really only a couple matters the court still retains involvent in. Several are Crow matters that all end April 1 as per settlement agreements. One is Irgovel until the District Court formally accepts the transfer of the litigation to its jurisdiction and the other is a minor dispute over $12,000.
So the case closes this week.
"IT IS HEREBY ORDERED, ADJUDGED AND DECREED, that the Debtor’s estate and its bankruptcy case are hereby closed."
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
From me, santa, thanks gnus
China and some others will not deal with companies in BK, and this might open the floodgates of some deals.
Don't miss the train
NutraCea To Announce Fiscal 2010 Financial Results on April 1, 2011
SCOTTSDALE, Ariz., March 29, 2011 /PRNewswire/ -- NutraCea (Pink Sheets:NTRZ.pk - News), a world leader in production and marketing of stabilized rice bran (SRB), rice bran oil (RBO) and their derivative products, will host a conference call to review fiscal 2010 financial results on Friday, April 1, 2011, at 1:00 p.m. (ET).
Parties interested in listening to the teleconference should dial 1-877-407-8033 (domestic calls) or 1-201-689-8033 (international calls) starting at 12:45 p.m. Eastern time. Those wishing to listen to the teleconference should dial the appropriate number at least ten minutes before the call begins.
The teleconference will also be available for replay beginning approximately one hour after the conclusion of the call. To hear a replay of the call, please dial 1- 877-660-6853 (domestic calls) or 1- 201-612-7415 (international calls) and provide account number 286 and conference ID 370017. The live call and replay of the session, and additional financial information referenced during the teleconference, can also be accessed via the Web at http://www.nutracea.com/FinancialResults2010.
http://finance.yahoo.com/news/NutraCea-To-Announce-Fiscal-prnews-3862233002.html?x=0&.v=1
schedule of coming events in the next week or so.
From gnus at Yahoo, pasted the whole
3/29 - hearing on getting Final Decree on BK case.
3/30 - Date Stuart Benson is to pay Z the cash settlement on WWG litigation
3/31 - Date Z promised to get current on all SEC filings (can add the data from 2 items above in the disclosures)
Soon after - CC on all things
Soon after - end to Pink Sheet trading.
Soon after - payment of HS ettlement and Z will have full title to all of the JV's and the IP.
6 months ended 3/31/11 is the period Z had to meet EBIDTA estimates for Irgovel to get the additional $1 million investment from that JV partner. Did they meet it and when will they know?
Proxy should be filed in April for June S/H meeting. Will they serve up some real red meet and announce they have booted DB and JL off the BOD or will they continue to endorse inept and negligent corporate governance and sweetheart dealings (aka JL's option/warrant deals in 2004 and 2008, the 2007 BOD pay increases, the 2008 special and thought to be "spring loaded" option grants to the BOD).
They have been building to this for some time. Will they produce something to support investing in Z or will this be a dud and more non answer answers (all three of the execs on the call) to investor questions like we saw on the last CC?
Get your popcorn and sit back. The coming attraction reel is starting.
Thanks gnus, and I agree, a ton should happen in the next couple of weeks.
I like the live better too, lol
The monent of truth is near!!!
A bit scary I'd say. We should see what Short is made of, what the SEC was so excited that they let Short and other get big raises and options. Belt and Garner left secure jobs to come here. I'd say anybody who sells here could m,iss the opportunity of a lifetime. Still, the unknown is eating away at me. We should know a ton more by a week from tomorrow for sure.
Like
1. Partners--funding
2. New BOD members
3. Deals
4. 2010 figures
5. Guinance for all of 2011
Add to the list what we should know by April 5th
Heightened inflation a concern in China
http://www.chinadaily.com.cn/business/2011-03/28/content_12235844.htm
Kerry expanding "Solutions for meat"
Kerry strengthens North African markets
- Published: 28 March, 2011
Kerry Ingredients & Flavours is building on its North African markets through exhibiting at Djazagro 2011, the international food exhibition held in Algeria.
The company will focus this year’s exhibition on its range of meat seasoning and flavour marinades.
Thierry Vacheron, export sales manager, Kerry Ingredients & Flavours, said: “Kerry has built a reputation as a well-established supplier of a complete range of solutions for meats and prepared dishes to the Algerian market.”
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
So, Kerry knows all about NTRZ since they bought the cereal business from them and sales VP Garner used to work for them. Selling stabilized DOB in Europe and Africa should be quite easy, don't ya think?
Lets get the ball rolling Mr. Short. The world is ready.
http://www.meatinfo.co.uk/news/fullstory.php/aid/12586/Kerry_strengthens_North_African_markets.html
The World I Know--Collective Soul
This one will get me in the mood to sleep
Wealth Bulider
Nice beat to that one.
Chart is 4 for 4 on one factor--5 coming?
The volume this week sucked, but note on the chart that since the bottom in December 09 that after a pullback and the bottoms started rounding up, even just a bit for a few days, that a big rally ensued all four times. Now they are doing it again. I suppose this is the time it fails, lol.
All in 2010, look at Late April early May, September,October and late December-Early January.
http://stockcharts.com/h-sc/ui?s=NTRZ&p=D&yr=1&mn=6&dy=0&id=p91983272909
Also note that we closed clearly above the 20 day moving average for the first time in three weeks.
http://stockcharts.com/h-sc/ui?s=NTRZ&p=D&yr=0&mn=6&dy=0&id=p29526007259
Franny--I'm in, took some profits and wish I had added it back, but other stocks call. The chart looks super. I'm not selling it anytime soon. Thanks for the reinforcing post.
The bottom two testimonials ........
.... from Henks book are from the Phillipines as well
http://henkhoogenkamp.com/ReadMore.aspx?ID=1
Philippines needs more rice
Innocent story, but when coupled with Henks work in the Philippines, a possibility sure exists as they need more rice and Z can get them 8% more bulk from the wasted bran, and 45% more nutrients.
March 24, 2011 Thursday 5:51 PM EST
PHILIPPINES NAT'L FOOD AUTHORITY GETS RICE FROM VIETNAM
The Philippines National Food Authority (NFA) said on Wednesday it is importing rice from Vietnam to ensure enough supply for the entire country. The grain is arriving April this year.
Currently, the country's rice supply is good for more than 40 days or one-and-a-half months.
NFA administrator Angelito T. Banayo said the Philippine government has sealed a deal to import 200,000 tons of rice from Vietnam.
Banayo said the NFA finds it best to do a government-to-government arrangement with Vietnam which is selling their rice at US$ 480 per ton payable in 270 days after arrival in the Philippines.
The NFA preferred sourcing stocks through state deals now instead of mulling over open and public tenders because civil unrest abroad was pushing up oil prices and making freight costlier, Banayo said.
The import order forms part of the 860,000 ton rice requirement the NFA plans to source abroad with the balance to be brought in by the private sector.
The NFA has also set a tender on April 4 for import rights for private traders covering 60,000 tons rice, part of a total 660,000 tons to be brought in by the private sector this year.
Small farmers groups are expected to participate in the April 4 tender. The NFA sought bids for rights to import up to 600,000 tons rice, or two-thirds of the planned purchases this year, and may announce the accepted bids later on Wednesday.
http://patents.ipophil.gov.ph/PatGazette/EG_RecordDetails.asp?PubCode=VOL%2012%20NO%2012&PubDate=3/23/2009&ID=3&Category=U&Header=UTILITY%20MODEL%20APPLICATIONS%20PUBLISHED%20PURSUANT%20TO%20RULE%20211%20AND%20NEW%20RULE%20211.1%20OF%20THE%20AMENDED%20IRR%20OF%20R.A.%208293%20(INTELLECTUAL%20PROPERTY%20CODE)&recid=U2008000265
http://www.world-grain.com/news/news%20home/LexisNexisArticle.aspx?articleid=1385482934
Brazil news about NTRZ out.
This is a minor story and comes from Brazil. It is good public relations since Z is using Latin American technology.
Poster Rskaverse from yahoo found this, it takes a while to fill as it must be translated>>>
http://translate.google.com/translate?hl=en&sl=pt&tl=en&u=http%3A%2F%2Fwww.itweb.com.br%2Fvoce_informa%2Finterna.asp%3Fcod%3D20084
Weezer - Undone -- The Sweater Song
Weezer - Perfect Situation
Actually went to Florida, I got my December chores done at the N Pole. I had a rough flight down there to Florida.
http://nationaljoke.com/home/images/2005/06/santa_claus_is_coming.jpg
The market looks like it is moving up as a whole, a good environment for even these little guys. NTRZ will have major PR's in the next 10 days. Watch for a move to catch.
Thanks for the board.
Great call on QPSA, WNRC, SMKY
I bought a bit near the close . I like the close above the 10 day MA. WNRC looking solid for another leg up, news will do it. SMKY solid waiting news as well. RHINO, you ar HOT
Kenny Wayne Shepherd "Blue On Black" Live
JLS - Eyes Wide Shut ft. Tinie Tempah
Travis Barker - Saturday Night (Feat. The Transplants & Slash)
Liz Taylor--RIP
roger that, yes many buyers fit
1. Nestle as you link states really likes Food Medicine
2. China-Bright Foods and they will not do business with companies in BK which NTRZ technically is and that might change on March 29th.
3. Just the pharma end could have others interested.
4. Special patent interest from The Philippines and Foodflow, a meat extrusion company in The Philippines.
5. Henk is from Euorpe(Netherlands), he could have others interested, including Swis based Nestel.
It sure seems that a total buyout is not in the works. Belt and Garner did not come here for a 6 month stint. But Z could have many partners like Alothon in different parts of the world. The next two weeks will be VERY INTERESTING.
Cakewalk up to the institutional $ 5
Things were different at $5.00 in May 07 and now.
Negative
1. We had $133,000,000 shares and almost 200,000,000 now.
2. We have a few more warrants out now.
3. We had a lot more cash, but Brad blew it and the BOD was looking the other way.
Positive
1. We did not know about stabilized rice bran oil and the stabilized deoiled bran. This SDFB will be used as meat filler and much more.
2. We had no mention of a China deal in 07. Even thought the old deal is not affordable, licensing could pop up. We do have a dialog with China.
3. Wheat stabilization was not mentioned in 07. This seems on the back burner, but the deal with Indonesia to build a wheat mill that stabilized the wheat and put i/2 of it back into the white flour to call it whole wheat and use the other half for other purposes, this deal was real, but wheat is on the back burner.
4. We have more nutraceuticsl patents now. I do hope we find out what is going on there at the end of the month in the nutraceutical and pharma end of the company end of the company. We were not really close to anything in May 07.
5. The biofuel angle is new. Used as starter in the fermentation process is a great use for the low grade stabilized deoiled bran?
6. The world food crisis is really heating up compared to May of 07.
7. Patents using Z's rice bran have popped up all over the world. Henk Hoogankamp has been working a lot in Asia and Europe with many companies in advance of oil plants in their areas.
8. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56373911
9. NTRZ had the CEO from heII in Brad Edson. He is gone and now a seasoned pro with real finance experience is at the helm. His lack of food experience is canceled out by the hiring of Colin Garner.
Neutral
1. To get to the end of the rainbow we will need some kind of dilution, whether it is loans, convertible stock or regular stock offerings. But, we would have needed that back in 07 as well.
2. We had our stage 1 and 2 in 07. Now it seems we can make the same products with the oil and SDOB. So, nothing lost there.
3. We have the same useless Board of Directors.
4. The story that NTRZ could grow China's food supply buy 1 per cent with no more land, crops, labor or seed is still there.
Anybody want to add to this list, feel free.
Biofuel and SRB
Short did not talk about this at all at the last CC, but condolezza did as SRB, DFB makes a great starter in the fermentaion process. Here is a World Grain tie in story. Possibilities?
Brazil, U.S. expand biofuels cooperation
BRASILIA, BRAZIL — Two important announcements involving renewable energy made on the opening day of U.S. President Barack Obama's official visit to Brazil, both directly relevant to Brazil's successful sugarcane ethanol industry, are encouraging signs that Brazil and the U.S. are on a path to achieve free, unobstructed trade for clean, renewable biofuels, said Marcos Jank, president and chief executive officer of the Brazilian Sugarcane Industry Association (UNICA) on March 20.
The first major announcement expands the existing memorandum of understanding between Brazil and the U.S. to advance cooperation on biofuels, signed in 2007, to include a new partnership for the development of aviation biofuels. Key goals in the agreement include developing sustainable aviation biofuels as an important means of reducing greenhouse gas emissions, establishing common standards and specifications and strengthening private sector partnerships.
Of particular interest to UNICA is a clause calling on the two countries to work to "prevent international barriers to biofuels trade and development." Various companies are developing aviation fuels based on sugarcane, including a three-way partnership between Brazilian regional jet manufacturer Embraer, engine manufacturer General Electric and California biotech company Amyris. In 2012, the trio intends to stage the first-ever flight using jet fuel produced from sugarcane, using an Embraer aircraft equipped with GE engines and owned by Brazil's Azul Airlines.
"These developments add to the signs of growing awareness we've been witnessing in the U.S. in recent months about the need to develop clean energy solutions cooperatively and reduce barriers to its trade and development. Even avid supporters of heavy subsidies and steep tariffs that prevent Brazilian ethanol from entering the U.S. market competitively are now openly discussing what happens next, both in terms of technologies and policy. Without admitting it, they're in fact recognizing that the current situation can't last much longer, because it works against everyone's best interests. U.S. consumers are being denied access to clean, renewable Brazilian sugarcane ethanol, which could be contributing to lower greenhouse gas emissions and save Americans money at the pump," said Jank.
The other announcement of interest to Brazilian biofuels producers is the launch of a strategic energy dialogue that involves development and access to Brazil's huge new petroleum reserves, but will also deal directly with clean energy technologies. During a speech to about 500 Brazilian and U.S. business executives in Brasilia, Obama pointed out that focusing on fossil fuels in the near term doesn't mean losing sight of what needs to happen in the future.
"The only long-term solution to the world's dependence on fossil fuels is clean energy technology, and that is why the United States and Brazil are deepening our cooperation on biofuels, and why we're launching a U.S.-Brazil Green Economy Partnership. Because we know that the development of clean energy is one of the best ways to create new jobs and industries in both our nations," Obama concluded, acknowledging that more than half of all vehicles on the road in Brazil are flex-fuel capable and run primarily on biofuels.
Jank sees the new Green Economy Partnership as an additional and vital step to strengthen ongoing U.S.-Brazil efforts to improve and expand production and use of biofuels domestically as well as in third countries: "This is a natural move for the top two renewable energy producers and users in the world. Brazil and the United States should be leading by example, working together to advance on all fronts, including breaking down trade barriers that hinder the global expansion of biofuels."
With energy at the top of the agenda, prominent members of Brazil's sugarcane ethanol industry were involved throughout the first day of Obama's visit to Brazil, including a luncheon offered by Brazilian President Dilma Rousseff at the External Affairs Ministry, where UNICA's Jank was among the guests with direct access to Obama.
http://www.world-grain.com/News/News%20Home/World%20Grain%20News/2011/3/Brazil%20US%20expand%20biofuels%20cooperation.aspx
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56379558
Related to Z new food stories today.
Bright Foods moving ahead, in the "Health Food" arena. Is a deal with Z next? We heard that China does not deal with BK firms. Is the court meeting next week to "Clear the deck" for a China deal? >>>
http://www.nutraingredients.com/Industry/China-Biotics-expands-probiotics-deal-with-Bright-Dairy
Z could easily fit into this next story as well. NTRZ is a solution to the hunger problem.
http://www.nutraingredients.com/Industry/DSM-and-Cargill-join-General-Mills-in-tackling-hidden-hunger
Japan's reconstruction may fuel China's inflation
BEIJING - The rising price of oil, gas and other commodities, because of rising demand as reconstruction work begins in Japan, will keep China's inflationary pressure at a high level, World Bank economists said on Monday.
"Japan's demand for commodities in the aftermath of the recent disasters will add to the already high-level of demand for commodities," said Vikram Nehru, the bank's chief economist for the East Asia and Pacific region.
There might be an increase in commodity prices as a result of increased demand, and because of problems in Western Asia and North Africa, he added.
Louis Kuijs, senior economist at the World Bank's Beijing office, said that inflationary pressure is unlikely to diminish quickly, given the rise in energy prices and the already high price of food.
"There is still room for China to further tighten its monetary policy this year," said Nehru.
To soak up liquidity and control inflation, China's central bank raised the required reserve ratios for banks by 50 basis points last week, the ninth hike since the beginning of 2010. Before that, it raised interest rates in February for the third time since October.
China's consumer inflation rose to 4.9 percent in January and February from 4.6 percent in December. It hit 5.1 percent in November, a 28-month high.
Around one-fourth of East Asia's long-term debt is denominated in yen, ranging from around 8 percent in China to about 60 percent in Thailand. A one percent appreciation of the Japanese currency translates into a $250 million increase in annual debt servicing for the region, the World Bank said.
"As China holds a very limited amount of long-term debt, and that which is yen-denominated is even less in the portfolio, the impact (on China) will be very limited," said Kuijs.
The disaster in Japan drove up the yen last week on expectations that domestic retail and corporate investors will begin to "repatriate" money for the reconstruction efforts.
If history is any guide, real GDP growth in Japan will be negatively affected until the middle of the year. Growth should pick up in subsequent quarters as reconstruction efforts, which could last five years, accelerate, according to a supplement to the World Bank's semi-annual East Asia and Pacific Economic Update.
"A temporary growth slowdown in Japan will have a modest short-term impact on the region," it said.
Though the bank did not offer its own forecast about the likely cost of Japan's disaster, it cited private estimates that the losses could range from $122 billion to $235 billion, or 2.5 to 4 percent of the country's GDP. The 1995 Kobe earthquake caused $100 billion in damage, or about 2 percent of GDP.
Private insurers are likely to bear a small proportion of the cost, leaving most to be covered by households and the government, the World Bank said.
Swiss Re estimates that claims costs in Japan will total $1.2 billion, net of retrocession (the purchase of reinsurance by a reinsurance company) and before tax.
However, the estimates are subject to a high degree of uncertainty as events continue to unfold, making loss assessment particularly challenging, said Swiss Re in a statement on Monday.
http://www.chinadaily.com.cn/business/2011-03/22/content_12207440.htm
Related food stories
This makes rice bran that much more valuable
http://www.foodnavigator-usa.com/
The most popular fortified bakery stories of the past 6 months
http://www.bakeryandsnacks.com/
If soy prices are going up, SRB & DFB should be worth more as well.
http://www.meatprocess.com/Industry-markets/Rising-commodity-costs-prompt-Solae-to-raise-global-soy-prices
Blind Melon - No Rain
Doug, yours did not want to post, good song>>>