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02 December 20242 min reading
CESCO advances strategic grain infrastructure in Cameroon
CESCO announced significant progress in the erection of a modern steel mill building and grain storage facility in Douala, Cameroon.
19 November 20244 min reading
FAO Statistical Yearbook reveals key trends and challenges in global agriculture
The Food and Agriculture Organization of the United Nations (FAO) launched its 2024 Statistical Yearbook, offering an in-depth overview of the most significant trends shaping global agrifood systems.
15 November 20242 min reading
SovEcon raises 2024 Ukraine corn crop and export estimates, projects slightly lower wheat production in 2025
SovEcon, a leading Black Sea grain consultancy, has updated its forecasts for Ukraine’s 2024 grain production and exports, increasing its corn crop and export estimates.
14 November 20242 min reading
CESCO validates high-performance bagging system for UFC's grain facility in Saudi Arabia
CESCO, a global leader in grain handling, storage, and processing solutions, has announced the successful completion of the Factory Acceptance Test (FAT) for a high-capacity bagging line system as part of its extensive project with United Feed Company (UFC) in Saudi Arabia.
Cover Story
COVER STORY
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08 November 20249 min reading
Flour mill analysis and adjustment methods
Maintenance and machine adjustment in milling operations is fundamental to the success of flour production.
07 November 20241 min reading
Mastering maintenance and machine adjustment in milling operations
Maintenance and machine adjustment in milling operations is fundamental to the success of flour production.
09 October 20244 min reading
Reimagining grain storage: How square silos are changing the game
As global food demand continues to rise, the need for efficient, reliable grain storage solutions becomes increasingly important.
09 October 20247 min reading
Safeguarding grains: Balancing food safety, quality, and sustainability
In an era marked by significant climatic shifts and growing food security concerns, the principle “every single grain counts” has never been more relevant.
Interview
INTERVIEW
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07 November 20246 min reading
War and Wheat: How global conflicts threaten grain supply chains
In a world increasingly shaped by geopolitical tensions and conflicts, Dennis Voznesenski’s new book, War and Wheat: Navigating Markets During Global Conflict, offers a timely and insightful analysis of the agricultural sector’s response to war.
01 November 20246 min reading
War, Grain, and Flour: The current state of Ukraine's flour milling industry
In the face of war and economic instability, Ukraine's agricultural sector is facing serious challenges.
09 October 20247 min reading
Wheat import ban threatens Turkey’s flour export leadership
“The import ban on wheat imposed by TMO until October 15 has been an extremely challenging period for our sector. The ban on imports and the uncertainty in wheat prices have created serious difficulties in maintaining our leadership position in the global market. During this period, our exports have seen an average decrease of 40%. We hope for a swift resolution to restore our export successes. We urge the authorities to support us by providing solutions to ensure we obtain wheat at global prices, so we do not lose our export markets.”
11 September 202419 min reading
Turkish Mercantile Exchange’s 5-Year Journey: How TMEX is Transforming Turkey’s agricultural sector and grain markets
The Turkish Mercantile Exchange (TMEX) is leading the transformation of Turkey's agricultural sector, marked by a remarkable threefold increase in licensed warehouse capacity over five years and the upcoming launch of a futures market by 2025.
Article
ARTICLE
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08 November 20248 min reading
Safety first in grain processing: Protecting grain facilities for a stable food supply
Combustible dust safety in the grain industry is an ongoing challenge that requires continuous attention and improvement.
08 November 20246 min reading
The invisible backbone of superior grain and food processing
In the ever-evolving sphere of industrial food and feed processing, the role of advanced weighing and dosing systems is of profound importance.
09 October 20245 min reading
Weather and geopolitical tensions add pressure to global grain markets
As extreme weather and geopolitical tensions present challenges to global food security, the global grain market is facing significant hurdles.
12 September 20249 min reading
Ensuring optimal grain quality: The future of wheat testing
“Given the diverse quality assessment requirements at different stages of wheat processing— ranging from storage to milling to food production—there is a growing need to explore the current applications of NIR technology in wheat testing..."
Country Profile
COUNTRY PROFILE
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08 November 202413 min reading
Brazil’s Agricultural Landscape: Crop trends, export stats and logistics challenges
As Brazil enters a new planting season, SA Commodities Associate Director Luiz Carlos Santos Jr. provides an in-depth analysis of Brazil’s grain and oilseed landscape.
10 October 20245 min reading
Japan struggles with rice shortfall amid surging prices
Japan is experiencing a shortage of rice, leading to escalating prices and widespread empty shelves in supermarkets, as demand has outstripped supply.
12 September 20249 min reading
Turkey’s new roadmap in grain industry
Grains form the backbone of Turkey’s agricultural production, standing out as an indispensable resource for both plant and animal production.
11 July 20249 min reading
Pakistan’s grain outlook
According to the USDA’s latest June Pakistan country report, wheat production for the marketing year 2024/25 (May-April) is expected to reach a record 31.4 million metric tons (MMT), which is eleven percent higher than last year’s production of 28.2 MMT.
Technology Platform
TECHNOLOGY PLATFORM
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12 August 20249 min reading
Adapting grain management strategies to meet a changing world
In an industry where innovation meets necessity, CESCO EPC GmbH stands out as a model of invention and resilience.
10 June 20244 min reading
Growing global demand fuels innovation in grain logistics
In an interview during the recent IDMA Istanbul Expo, Mehmet Büyükzeren, the General Manager of Yılmaz Kardeş Hydraulic Machinery Industry Co., shares his insights on the critical role of logistics in the global grain trade and the increasing demand for advanced unloading platforms.
10 June 20244 min reading
Turkish milling machinery sector seeks export funding boost
One of our significant visits at the IDMA Expo was Çift Kartal, a stalwart in the milling machinery industry with over half a century of experience.
04 June 20245 min reading
Maxi-Lift’s focus on EAME and APAC markets highlighted at IDMA Expo
In an interview during the IDMA EXPO in Istanbul, André Rigo, International Sales Director of DuraPlas/Maxi-Lift Inc., shared insights on the company’s journey, recent innovations, major projects, and the future of the grain processing industry.
Market Analysis
MARKET ANALYSIS
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01 November 20249 min reading
China’s 2024/25 corn imports: Low-lower-the lowest?
The corn season 2024/25 has started in Ukraine. The country is waiting for Chinese demand, but there are no signs of revival. In the 2023/24 MY (October-September), China already reduced its imports of Ukrainian corn to 4.6 MMT vs 5.5 MMT in the previous season.
10 October 20247 min reading
Turkey’s new wheat import rules & world weather woes
Implementation of Turkish wheat import ban on 21 June 2024 was a heavy bearish factor for Black Sea wheat and freight market.
06 September 20248 min reading
Ukrainian wheat export: From tradition to transition
Ukraine has faced significant challenges in maintaining its traditional markets in North Africa, the Middle East, and Southeast Asia – particularly in Egypt, Turkey, and Indonesia – since the onset of the war.
09 August 202410 min reading
Upcoming barley trends or how to ride the wave?
The prospects of Ukrainian barley export in 2024/25 MY may seem quite gloomy from the point of view of potential buyers’ demand, as such key destinations like Spain and China may reduce purchases.
Idma Today
IDMA TODAY
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11 June 20245 min reading
IDMA Today and BBM Mutfak bring dynamism and flavors to IDMA
At IDMA Istanbul, the industry witnessed the debut of two initiatives by Parantez Media:
09 May 20243 min reading
TABADER hosts 5th Doyens Award Night
Simultaneously organized with IDMA Istanbul, the fifth edition of TABADER’s now customary Doyens Award Ceremony took place on May 2nd at Wow Hotel.
08 May 20244 min reading
IDMA Istanbul hosts pulse of grain processing industry with 10,000 visitors from 120 countries
The global grain processing industry convened in Istanbul. The domestic sector, specializing in flour, grain, feed, pulses production equipment, and milling machinery, crucially exporting 90 percent of its output, gathered with over 10,000 professionals from 120 countries at the 10th IDMA Istanbul.
04 May 20242 min reading
Turkish-Moroccan flour industry bond strengthened at IDMA Expo
In an exclusive interview during the IDMA Expo in Istanbul, Moulay Abdelkadir Alalaoui, President of the Moroccan Flour Milling Federation (FNM), provides a comprehensive overview of the state of flour milling in Morocco and its relationship with Turkey.

BLOG

IGC anticipates record wheat harvest, falling global stocks

22 March 20244 min reading

The International Grains Council (IGC) has forecasted a record wheat harvest for the upcoming 2024/25 season, alongside a decline in global wheat stocks to a six-year low. Wheat production is expected to reach 799 million tons, with stocks projected to decrease to 262 million tonnes. Global wheat trade for 2024/25 is anticipated to decline to 196 million tons year-on-year, influenced by reduced imports by the EU and decreased deliveries to parts of Asia.

IGC recently released its latest Monthly Grains Market Report, providing a comprehensive overview of the global agricultural landscape. The report includes the first full set of supply and demand projections for the 2024/25 season. Despite a slightly smaller carry-in, grain supplies (production plus opening stocks) are forecasted to increase by 1% year-on-year (y/y), boosted by a potentially record crop pegged at 2.332 billion tons. Led by gains in feed uptake, consumption is assumed higher at 2.331 billion tons, also at a fresh peak. Including declines for wheat and maize, world trade is projected to drop by 5 million tons to 419 million tons (-1%). Although the outlook is finely balanced, ending stocks are tentatively seen edging upwards at 601 million tons.

Total grains production in 2023/24 is forecast at 2.304 billion tons, reduced by 6 million tons m/m (month-on-month) on worsening maize prospects in the southern hemisphere. The consumption outlook is lowered by 11 million tons m/m, partly on a smaller number for feeding, but also on broader adjustments to estimates for other (non-food/feed/industrial) uses, resulting in a larger stocks projection. Global traded volumes are assessed higher at 424 million tons, with upgrades for maize and wheat. And the closing stocks are set to contract to at an eight-season low of 599 million tons.

WORLD WHEAT STOCKS TO HIT SIX-YEAR LOW

The IGC revised its global wheat production forecast for the 2023/24 season to 789 million tons and projected production for the 2024/25 at 799 million tons. The Council maintained its wheat consumption forecast for this season unchanged at 803 million tons. World wheat stocks for the 2024/25 season are projected to decrease to 262 million tonnes from 267 million tonnes, a six-year low, with drawdowns in the key exporters, Turkey and India more than offsetting a potential accumulation in China, amid potentially larger domestic production and lower feed use.

Global wheat trade for the 2024/25 season is forecasted to decline from 201 million tons to 196 million tons year-on-year, tied to smaller expected imports by the EU, as well as reduced deliveries to parts of Asia, including to China, Turkey and Indonesia.

MARGINAL GROWTH IN CORN PRODUCTION

World corn production in 2024/25 is set to increase marginally to 1.227 billion tons to 1.233 billion tons y/y. Against the backdrop of firmer feed demand, global maize trade for 2024/25 is forecast at 179 million tons, albeit as improved harvests in a number of key importers could contain overall demand just short of the average.

GLOBAL RICE PRODUCTION TO REACH NEW HIGHS

The Council’s forecast for world rice supply and demand in 2023/24 is broadly unchanged, with production, consumption, stocks and trade all predicted to contract. Mainly driven by increases in Asia, the global output for 2024/25 is projected to grow by 2% year-on-year to reach a new high of 521 million tons, with total use and inventories also likely to increase. The Council estimated world rice consumption to be 519 million tons, with rice trade at 50 million tons.

Reflecting a downgraded figure for Brazil, world soybean output in 2023/24 is expected to be marginally lower month-over-month, at 390 million tons, representing a 4% increase year-on-year. With expectations for total use maintained, aggregate end-season stocks are lifted by one million ton m/m and would be sizeably higher y/y. Incorporating data on recent shipment flows, the outlook for trade is cut by 2 million tons to 166 million tons (-3%). Boosted by acreage gains and improved yields, tentative projections for 2024/25 season indicate a larger global harvest of 413 million tons, with record utilization and further inventory accumulation anticipated. Trade is expected to recover by 4%, reaching 172 million tons due to larger deliveries to Asia, Africa, and the Americas, according to the report.