International Grains Council Information

The International Grains Council (IGC) is an intergovernmental organisation that seeks to: ◾ Further international cooperation in grains trade; ◾ Promote expansion, openness and fairness in the grains sector; ◾ Contribute to grain market stability and to enhance world food security. These objectives are sought by improving market transparency through information-sharing, analysis and consultation on market and policy developments. Grains, rice and oilseeds market conditions are monitored on a daily basis, through circulation of daily reports and maintaining web-based information services, and the Council formally exchanges information at Market Conditions Committee meetings and Council sessions. The annual IGC Grains Conference is a public forum for discussion, and an opportunity to bring international buyers and sellers, industry representatives and policymakers together. Market information on grains, rice and oilseeds is made available on the public website and by subscription. In particular, the IGC's Grains and Oilseeds Index (GOI) is available on a daily basis via the public website, together with supply and demand balances and forecasts for a range of countries and commodities. More detailed market commentary, analysis and statistics can be accessed through subscriptions to weekly or monthly reports and data services (see Subscriptions). The IGC also provides daily export price quotations, and market reports, together with access to its extensive databases, to its member governments. The IGC holds two regular Council Sessions each year, either in London or, by invitation, in member countries. Its functions are: To oversee the implementation of the Grains Trade Convention, 1995; To discuss current and prospective grain market developments; To monitor changes in national grain policies and their market implications.