Bericht
With great power comes great responsibility: The EU and the Black Sea Region take leadership of the global wheat market
Income growth, changing consumer preferences and technological progress are having a transformative effect on global food trade and, in particular, wheat markets. This is evidenced by two main developments: First, the growing demand for wheat in Asia and Africa is increasingly being met by the European Union (EU) and the Black Sea Region (BSR), which have replaced the United States (US) as the major players on the global wheat market. Second, and as a consequence, the Euronext futures market, which reflects the supply and demand fundamentals in the EU and the BSR, is becoming more important for international wheat price discovery. In light of these two changes, the EU and the BSR must take more responsibility for ensuring global food security and combating hunger and malnutrition. To achieve this, greater international cooperation is required, in particular between the big Western and Eastern economic powers. Unrestricted international trade is vital to ensure sufficient supply of food worldwide, while escalating economic sanctions and countersanctions endanger food security, especially in importdependent regions. Public debate on trade and economic sanctions must therefore be more objective and better take into account both regional and global needs.
- ISBN
-
978-3-95992-119-0
- Language
-
Englisch
- Bibliographic citation
-
Series: IAMO Policy Brief ; No. 41e
- Classification
-
Wirtschaft
- Subject
-
Weizen
Außenhandel
Weizenmarkt
Ernährungssicherung
Welt
Weizenanbau
Sanktion
Internationale Zusammenarbeit
EU-Staaten
Schwarzes Meer
Russland
- Event
-
Geistige Schöpfung
- (who)
-
Ahmed, Osama
Glauben, Thomas
Heigermoser, Maximilian
Prehn, Sören
- Event
-
Veröffentlichung
- (who)
-
Leibniz Institute of Agricultural Development in Transition Economies (IAMO)
- (where)
-
Halle (Saale)
- (when)
-
2021
- Handle
- URN
-
urn:nbn:de:gbv:3:2-139998
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Ahmed, Osama
- Glauben, Thomas
- Heigermoser, Maximilian
- Prehn, Sören
- Leibniz Institute of Agricultural Development in Transition Economies (IAMO)
Time of origin
- 2021
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