Question

Give an account of global distribution importing and exporting countries of wheat ​

Answer 1

Answer:

Wheat is a key global commodity in terms of acreage and tradeable value and as a staple in household diets. Many factors affect wheat prices including climate, yields, oil prices, lagged prices, and imports. In addition to gradually and consistently increasing global wheat demand, these market drivers are posited to impact world prices and, ultimately, food security. To investigate how these factors differentially influence wheat markets, an extensive survey of literature regarding wheat market fundamentals was conducted, as well as a trend analysis using a uniquely compiled data set specific to significant wheat-producing areas. Previous studies show that imports, climate, oil prices, and past prices, among other factors, have a significant relationship with changes in the world wheat price. This study compiles and compares these same key variables from five major wheat export countries/regions for the time frame from 1980 to 2013.

Explanation:

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Answer 2

Concept

Importing of wheat means buying of wheat from other countries but on the other hand exporting of wheat means selling of wheat to other countries in the world.

Explanation

Wheat is traded in the international market between many countries. In the world the European Union exports the largest quantity of wheat or wheat products. Large proportions of Russia's wheat and wheat products goes to Egypt who is the biggest buyer of these products in the world. Russia exports wheat to other countries also like Nigeria, Indonesia, and Bangladesh. In the world U.S. , Canada and the Australia are the three next top exporters of wheat after Russia. Egypt is the largest importer of wheat. After Egypt name of countries who are the next highest importer are Indonesia, Algeria, Turkey.

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