Wheat Trade in the World
Wheat is the most important food grain that has 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 very significantly. According to the statistics, the percentage of wheat that falls 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 and international agreements and exchanges to market this product in an organized way, and all this international trade of wheat is managed (the International Council of Grains).
Also read: Learn More about Pine Trade
Agreements
The reason is that wheat has become a basic need for humans, 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, the International Food Security Treaty in 1999, and the Treaty on Food Aid and Agricultural Development in the Countries The poor and needy in order to achieve food security in these countries, and the original home for the production of wheat crops in southwest Asia.
Consumption in the History of Wheat Trade
In the history of wheat trade, sometimes there is a superiority of consumption more than production, which leads to a significant price increase, and this works on a crisis and catastrophe for developing and poor countries and calls for extensive intervention by the institutions of the international and global community to avoid all these problems that this developing country is exposed to and this happened already in 2003 Wheat production reached 560 million tons, while the global total consumption was 610 million tons, and many calamities and problems occurred on that date, so it must be equal in production and consumption processes in the grain and wheat trade in general.
Also read: The Volume of the Coffee Trade in the World
