International Grains Agreement

The IGC Grain Virtual Conference, Reshaping the globalisation of the grains, oilseeds and rice sectors, will open on June 9 at 12 p.m., with access to pre-recorded video presentations by more than 60 international government and industry officials in the fields of grains, oilseeds, pulses and rice, as well as 14 live Q&A meetings on June 10. The Council discussed recent changes in national policies, the impact of governments` COVID-19 protection measures on trade in cereals, oilseeds and rice, as well as the activities of other international organisations related to the trade in cereals. Total world cereal production for 2020/21 was forecast at a record high of 2,230 m t (+54 m per year), including record harvests of wheat (+4 m) and maize (+50 m). The first increase in world cereal stocks in four seasons has been forecast, while world trade in cereals is expected to record a record. Given the prospects for a much larger U.S. harvest, global soybean production increased by 8% per year to 363 m t in 2020/21. Its objectives include: promoting international cooperation in all aspects of grain trade; To promote the expansion of international trade in cereals, to ensure its freest possible flow for the benefit of its members, in particular developing countries, to contribute to the stability of international grain markets and to improve world food security; The establishment of a forum for the exchange of information and discussion of members` concerns. 1. July 1949, as the International Wheat Council (IWC) — International Wheat Council (IPC) — Consejo Internacional del Trigo (CIT) — Mezdunarodnyj Sovet po Psenice, in accordance with the provisions of the International Wheat Convention, 1949 and within the framework of the 1953, 1956, 1959 and 1962 Agreements and the 1967, 1971 and 1986 Conventions – T-XT8611 – International Wheat Convention. . . . .

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