International Grains Council revises global flour trade up

Published 2023년 4월 25일

Tridge summary

The International Grains Council (IGC) has increased its forecast for global wheat flour trade in 2022-23 by 500,000 tonnes, reaching 14.3 million tonnes, a 2% increase from the previous year. This increase is primarily due to higher deliveries to Asia, especially to Iraq and Afghanistan, while sub-Saharan Africa is projected to see a multi-year low in deliveries due to volatile prices. South American flour trade is also expected to decline due to reduced availability in drought-stricken Argentina, with Turkey remaining the top exporter.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The International Grains Council (IGC) has revised global wheat flour trade in 2022-23 up 500,000 tonnes from its previous forecast to 14.3 million tonnes, which is still well below the five-year average and of historic peaks. If realized, it would represent a 2% increase over the 2021-22 trade total and a second year in a row that trade has increased following the COVID-19 pandemic that started in 2020. The IGC said the increase was mainly due to "expectations of higher deliveries to Asia, mainly Iraq and Afghanistan, the world's biggest importers of wheat flour, with annual arrivals of 2.3 million tonnes and 2.2 million tonnes , respectively”. This would represent a combined increase of 700,000 tonnes for both countries over the previous year. However, the IGC said its projection came with a caveat. “While the outlook for Afghanistan has increased with higher deliveries reported from Kazakhstan, normally the main supplier, the figure for Iraq has been reduced amid an increasing ...

Source: Agrolink