History of Wheat Trade in the World

Last updated 16 June 2020
History of Wheat Trade in the World

Wheat is one of the most important food grains that entered the world of international trade, and the history of wheat trade dates back to 1870, when the economic revolution took place in the new world, and from this time the processes of cultivation and agricultural areas increased greatly to grow wheat crops, and with the increase in the population, the demand for this product increased dramatically. According to statistics, the proportion of wheat that is included in the field of international trade is estimated at 20% of the total global wheat that is produced annually, and wheat production is subject to many international agreements and exchanges to market this product in an organized way, and all this international trade of wheat is managed (World Grain Council)

  History of Wheat Trade

Treaties

The need for wheat is from all cities and countries in the world, and the reason is that wheat has become a basic need for people, so it has become an important global commercial commodity, and among the important agreements and treaties that regulate the movement of wheat and grain trade, in general, is the First Food Aid Treaty in 1967, and the International Food Security Treaty in 1999 And the Treaty on Food Aid and Agricultural Development in needy and poor countries in order to achieve food security in these countries, and the original home for the production of wheat crops in southwest Asia.

Also read: History of Wheat Trade

Wheat Trade Production

  History of Wheat Trade

The history of wheat trade is more than consumption by production, which leads to a significant increase in prices. This works on a crisis and catastrophe among the developing and poor countries and calls for extensive intervention by the institutions of the international and global community to avoid all of these problems that this developing country is exposed to, and this has already happened In 2003, wheat production reached 560 million tons, while global total consumption was 610 million tons, and many calamities and problems occurred on that date, so it should be in parity in production and consumption processes in grain and wheat trade in general.

Also read: Largest Cotton Producer Countries

اقراء المقالة باللغة اخرى : العربية

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