Question

how are Agricultural Products traded ​

Answer 1

Answer:

The EU is the first trader in agricultural products of the world, both in terms of exports and imports. Agricultural trade helps to answer possible food production shortages due to climatic or other reasons. Ultimately, it contributes to the prosperity of farmers, industries and consumers. In recent years, global agriculture markets faced an increased volatility, directly impacting stakeholders of the food chain. Price volatility makes planning for farmers and buyers the world over extremely difficult and may result in political unrest, like in the recent food prices peak in 2007-2008.

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Answer 2

Answer:

Agricultural commodities are a vital part of our existence; probably even more than we realise. These commodities fall into the category of soft commodities, which include a variety of agricultural products, such as sugar, cocoa, wheat and coffee. In contrast, hard commodities are mined, and include, for example, crude oil, silver and gold.