IDAHO WHEAT COMMISSION

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IGC lowers global wheat flour trade forecast

World wheat flour trade in marketing year 2022-23 was revised downward by 500,000 tonnes (wheat equivalent) in the latest International Grains Council (IGC) quarterly forecast, which appeared in the Council’s July Grain Market Report, released on July 21.  The IGC projected this year’s global flour trade at 14.3 million tonnes, which would still be slightly higher than the 14.2 million tonnes traded in 2021-22 and the highest since 2019-20, when 14.7 million tonnes were shipped.