Miller Magazine Issue: 121 January 2020

46 MILLER / JANUARY 2020 WHEAT MARKET: DYNAMIC CONSUMPTION AND NTMs This is the case for wheat-based foods in parts of Asia and Africa, where consumers are shifting away from domestically produced staples such as maize and rice. For instance, Egypt has long been the number one wheat importer in the world, but its position will soon be challenged by Indonesia, a non-wheat pro- ducing country whose imports have doubled in the past decade amid growing demand for wheat products. Other fast expanding mar- kets include Bangladesh and a host of coun- tries in sub-Saharan Africa, including Nigeria. Changing dietary preferences toward foods that are not grown locally, or produced in in- sufficient volumes, increase the reliance on im- ports from major growers. These shifting trade flows could, in the future, be exacerbated by climate change if adverse weather impacts local harvests. Trade itself is vulnerable to ex- treme climatic events, as well as to geo-polit- ical developments, potentially contributing to disruptions or bottlenecks for the movement of commodities, both to established and de- Today global trade in grains is part of our food system ensuring to fill the gap between supply and demand. The patterns of global grains and oilseeds trade are constantly evolving, as rising incomes and urbanisation of expanding populations contribute to changing dietary preferences. IGC secretariat bring you a good landscape of what would be the main opportunities and challenges for the year 2020 on the grains and oilseeds market. Main opportunities and challenges for 2020 on the grains and oilseeds market Amy Reynolds Alexander Karavaytsev Darren Cooper International Grain Council