SENEGAL – The International Grains Council (IGC) has welcomed the Republic of Senegal as its newest member, officially joining the Council as an importing nation effective May 1, 2024.
Senegal’s accession to the IGC is not just a mere addition, but a significant milestone that underscores the Council’s mission to foster collaboration and dialogue among nations involved in the global grains trade.
With Senegal’s membership, the IGC now boasts a diverse roster of member countries, each playing a crucial role in shaping international grain policies and practices.
The IGC’s membership currently comprises a broad spectrum of nations, including major grain producers and importers such as Algeria, Argentina, Australia, Canada, and the United States.
Senegal’s inclusion further enriches the Council’s representativeness, particularly within West Africa’s burgeoning grains market.
In anticipation of Senegal’s membership, the IGC reaffirms its commitment to facilitating constructive exchanges between importing and exporting countries.
To this end, the Council is slated to host its “Second Dialogue Between Importers and Exporters” during the upcoming 2024 IGC Grains Conference in London, scheduled for June 11-12, 2024.
This forum serves as a vital platform for stakeholders to address key issues and as a gateway to exploring vast opportunities for collaboration within the grains sector.
Enhancing international cooperation
Founded as an intergovernmental organization, the IGC is steadfast in advancing international cooperation in grain trade.
It is a beacon of trust, promoting transparency, fairness, and stability in global grain markets. Its core objectives revolve around enhancing market transparency through information-sharing, analysis, and consultation on market and policy developments.
The Council’s daily monitoring of grains, rice, and oilseeds market conditions ensures timely dissemination of critical information to member nations, facilitating informed decision-making and risk management strategies.
Additionally, the annual IGC Grains Conference provides a valuable forum for industry players, policymakers, and stakeholders to converge, fostering dialogue and collaboration toward common food security and market stability goals.
The IGC’s mandate extends to overseeing the implementation of the Grains Trade Convention of 1995, facilitating discussions on current and prospective grain market developments, and monitoring changes in national grain policies and their market implications.
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