International Grains Council (IGC)
HISTORY AND PRESENT STATUS
South Africa rejoined the International Grains
Council in July 1995 when it signed the International
Grains Agreement, which is comprised of two conventions,
the Grains Trade Convention and the Food Aid Convention.
The objectives of the Grains Trade Convention are
to further international cooperation in all aspects
of grains trade, to promote expansion, openness
and fairness in the grains sector, to contribute
to grain market stability and to enhance world food
security. These objectives are to be sought by improving
market transparency through information sharing,
analysis and consultation on grain market and policy
The objective of the Food Aid Convention is to
secure, through a joint effort by the international
community, the achievement of the World Food Conference
target of 10 million tons of food aid annually.
OTHER DEPARTMENTS AND COOPERATING ORGANISATIONS
Department of Agriculture
Membership to the IGC is significant for South
Africa because it encourages international cooperation
in all aspects of the grains trade. It promotes
expansion, openness and fairness in the grains sector,
thereby contributing to grain market stability.
The importance of participation in international
forums such as the IGC is further enhanced by the
growing exposure of the South African industry to
international markets brought about by deregulation.
The IGC provides grain information on international
markets to the grain industry, which South Africa
would not be able to obtain without being a member
of the IGC. This information pertains to grain market
indicators (GMI), which provides weekly prices on
the international grain markets.
The IGC sessions provide a platform to meet participants
in the international grains trade and as such, serve
as a venue to increase pressure on some major grain
producing countries to phase out product support
and subsidy measures.