Established in 1949, the International Grains Council (IGC) is an intergovernmental organisation whose objectives are to further international cooperation in trade, promote expansion, openness and fairness in the sector and to contribute to market stability and enhance world food security. Currently, IGC membership comprises 57 countries. Such objectives are sought by improving transparency through information-sharing, analysis and consultation on market and policy developments. Grains, rice, oilseeds and pulses market conditions are monitored on a daily basis, through the circulation of a daily report and the provision of web-based information services. Among other key services, weekly and monthly reports are provided. The flagship Grain Market Report, released monthly, provides comprehensive analysis and forecasts for global supply and demand across a range of commodities, spanning grains, rice, oilseeds, pulses and related agricultural products.
The IGC also actively collaborates with several international organisations, such as the International Sugar Organization (ISO), the United Nation’s Food and Agricultural Organization (FAO), as part of the AMIS-G20 secretariat, the World Trade Organization (WTO) and the Organisation for Economic Cooperation and Development (OECD). Furthermore, since 2018, the IGC has developed collaborative relationships with regional organisations, such as Med-Amin, the Eurasian Economic Commission, AfricaRice and the Institute for the Development of Agricultural Cooperation in Asia (IDACA).
Being part of a series of related industry events under the banner “London Grains Week”, the International Grains Conference is a truly global platform for dialogue between the policy makers and operators across the entire value chain. The event is held over two full days, the first of which is typically devoted to discussions surrounding the challenges, risks and opportunities in global trade. Day two of the event comprises a number of commodity-specific workshops, covering topical issues affecting markets for grains, rice, oilseeds, pulses and related sectors.
A reorientation of the Conference in recent years led to the broadening of its target audience by involving companies across myriad related sectors, spanning production, trade, shipping and logistics, as well banking and finance. The last event brought together more than 300 participants from 62 countries (45% from Europe, 25% from the Americas, 17% from Asia and 13% from Africa).
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The Conference receives good coverage in specialised international media. In 2022, 30 journalists registered for the Conference, including from a range of leading international outfits, while more than 32,000 related tweets were issued about the event.