Miller Magazine Issue: 115 July 2019

30 NEWS MILLER / JULY 2019 Rainer Schulz elected unanimously to Bühler Group’s Board of Directors At extraordinary general shareholders’ meeting on 21st June, Rainer Schulz was elected to Bühler Group’s Board of Direc- tors in a unanimous decision. He will as- sume his position with immediate effect. With his appointment, the Board of Di- rectors has won an experienced business expert with an impressive industrial track record who will ensure continuity in the further development of Bühler. Rainer Schulz is a Swiss national, married, and lives with his family in the region of Emmental in Switzerland. After obtaining a degree in produc- tion technology, for which he was awarded the promotion prize of the Association of German En- gineers VDI, Rainer Schulz first held various mate- rials management and production supply chain positions in the electronics and me- chanical engineering industries. Since 1995, Rainer Schulz has acted as head of production and later as general head of purchasing in charge of global procurement at the jet engine builder BMW Rolls-Royce AeroEngines. In 2001, Rainer Schulz moved on to the global RE- HAU Group. As Chief Operating Officer, he was in charge within the context of the compa- ny management of the engineering, production, and materials management functions. In 2010, Rainer Schulz was appointed Chief Executive Of- ficer of the REHAU Group, a position he held until mid-2018. Australia wheat export forecast lowered by 18% Australia lowered its forecast for wheat exports over the 2019/20 season by nearly 18% as a drought wilts crops in the world’s No.4 exporter of the grain. That comes after Australia’s chief commodity forecaster cut its production forecast for the 2019/20 harvest by more than 11% as the drought leaves crops struggling to survive. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said wheat exports would total 11.7 million tonnes in the crop year begin- ning in July, down from its previous estimate in March of 14.2 million tonnes. Lower Australian exports will support global benchmark prices. Dwindling wheat ex- ports are also likely to hit Australia’s stuttering econo- my. Wheat is the country’s most lucrative rural export from an agricultural sector worth about $34.39 billion. Australian end-users of wheat have been forced into rare imports. Australia’s Department of Agriculture said that the first shipment of the commodity into the coun- try in more than a decade had arrived in June, with ABARES saying more imports were likely. “More per- mits are expected to be issued for (imports of)wheat and other grains,” ABARES said. Much of Australia’s east coast has recorded less than 40% of typical rainfall levels over the last six months, data from the country’s bureau of meteorology shows. Australia has lowered its forecast for wheat exports over the 2019/20 season by nearly 18 per cent amid the ongoing drought. Australia usually ranks among the world’s top grain exporting nations. Rainer Schulz