Agriculture: ISIC 1
Total report count: 21
Total report count: 21
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Changes in the US trade policy impact a broad range of trade partners and goods and adds more uncertainty to the global economy. US importers have limited trade diversification potential, with higher trade tariffs leading to higher inflationary pressures. Retaliatory tariffs would also hurt US exporters, especially in commodity and automotive industries.
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The briefing explores trends in the global structure amid rising economic and geopolitical uncertainty. As global economy evolves, countries and companies will need to find ways to diversify the supply of critical components. This will require establishing new trade routes and striking the right balance between operational security and cost efficiency.
The global wheat market in 2023 has seen a recovery in supply, following tight global supply and skyrocketing wheat prices in 2022 resulting from the onset of the war in Ukraine. Increased wheat exports from Russia, readjustments of supply chains and domestic interventions in the market have helped wheat prices to see a double-digit decline in 2023. Nevertheless, looming geopolitical tensions on a global level are expected to pose a risk to global wheat supply in the short term.
The report provides a global overview of production, consumption and prices of rice. After a relatively stable 2021, the rice market is registering uncertainty in 2022. China and India remained the key producers of the commodity, however, extreme weather in 2022 as well as export restrictions in India are causing turbulence and shifts in global markets. Meanwhile, demand is growing for affordable food staples such as rice, especially among more vulnerable consumer groups.
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