Global wheat flour trade in 2021-22 is forecast to reach its highest peak in three years and reverse a five-year downward trend, according to projections issued Jan. 13 by the International Grains Council.
This is reported by ProAgro Group, citing World-Grain.
The IGC predicts 14.8 million tonnes (wheat equivalent) to be traded this year, which is 9% higher than last year’s total but still well below the record of 17.6 million tonnes in 2016-17.
Since that record year, trade totals have declined to 16.9 million tonnes in 2017-18, 16.2 million tonnes in 2018-19, 14.6 million in 2019-20 and 13.8 million in 2020-21.
Last year marked the lowest trade total since 2013-14, when 13.2 million tonnes of wheat flour were traded. Flour trade in 2020-21 was severely hampered by the COVID-19 pandemic and transportation problems related to it, the IGC said.
