Members
of the International Grains Council (IGC) convened for the 47th Council Session
in London, on 18 June 2018. The meeting was chaired by Ms Silke Boger, Head of
Unit, DG Agriculture and Rural Development (Arable crops and olive oil),
European Commission.
The Council’s latest Grain Market Report (GMR488, 24 May 2018) formed the basis for discussions on the outlook for grains, rice and oilseeds. Total grains (wheat and coarse grains) production in 2018/19 was predicted to fall and with opening stocks seen lower, overall supplies were set to contract to a three-year low . Due to tightening in the major exporters and China, world carryover stocks were projected to decline for a second successive year, to a four-season low. For a sixth year in a row, global trade was projected to rise to a new peak, led by strong gains in maize shipments. Ahead of its next scheduled update (GMR489, 2 July 2018), the Council acknowledged downside risks to crop projections for parts of the Black Sea region and Europe.
Read the full article, HERE.
The Council’s latest Grain Market Report (GMR488, 24 May 2018) formed the basis for discussions on the outlook for grains, rice and oilseeds. Total grains (wheat and coarse grains) production in 2018/19 was predicted to fall and with opening stocks seen lower, overall supplies were set to contract to a three-year low . Due to tightening in the major exporters and China, world carryover stocks were projected to decline for a second successive year, to a four-season low. For a sixth year in a row, global trade was projected to rise to a new peak, led by strong gains in maize shipments. Ahead of its next scheduled update (GMR489, 2 July 2018), the Council acknowledged downside risks to crop projections for parts of the Black Sea region and Europe.
Read the full article, HERE.
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.
For additional daily news from milling around the world: global-milling.com
No comments:
Post a Comment