Miller Magazine Issue: 112 April 2019

14 NEWS APRIL 2019 The International Grains Council (IGC) is an intergo- vernmental organisation, comprising 56 countries. It is widely recognised for providing accurate, unbiased market data for 16 commodities including wheat, mai- ze, oilseeds and rice. IGC recently published its first supply and demand projections for 2019/20. For wheat, owing to a larger area and better overall yields, production is projected to rebound by 3%, to 759 mt, and trade is forecast to rise by 2%, at 174 mt. Some recovery in world whe- at stocks is anticipated, although those in the major exporters could remain stable. For barley, a 5% upturn in world production is expected, to 149 mt, including 7.4m in Turkey. Barley trade is seen edging down again in 2019/20, to 27 mt, on reduced shipments to China. Maize production is forecast to rise by 1%, to 1124 mt, while the first contraction in trade for 11 years is Arnaud Petit Executive Director The International Grains Council (IGC) The role of IGC Guest Author “IGC is the only international organisation producing information on processed pro- ducts, including wheat flour trade. The role of IGC is also to examine new markets to provide more trade transparency. IGC is a unique platform to allow discussion between the public and the private sectors too. The annual IGC Grains Conference in London will take place on the 11th and 12th June 2019. Major trading companies and other relevant players in the grains sector value chain will take the floor to share their expectations and looking beyond the uncertainties.”