Question 2: What is the structure of the international wheat market? Who are the major “players”?
Wheat production in the world on an annualized basis is 680 million tonnes. Five major exporters that are the US, Canada, Argentina, Australia and the European Union control world wheat market. Total production in these countries wheat is about 200 million tons per year. For export is directed approximately 80 million tons of grain and the main exporters is the United States, whose share of world grain trade is about 26%. The United States exports half of the wheat grown in the country and somewhat different situation in the EU, where almost all volume of grain grown leaves on Continue reading...