Graham Wallace, the newly appointed chairman of the World Union of Wholesale Markets (WUWM), has said that the sector's biggest problem is a lack of understanding of the benefits that wholesale and retail markets provide.

Speaking at the WUWM conference in Mexico City, Mr Wallace said: 'Very few people not directly involved in markets really understand either the scale of the social and economic contributions made by markets to towns, cities and regions.'

He added that the WUWM needed to raise awareness amongst politicians and decision makers at all levels.