World exports of agricultural products totaled US$1.412 trillion in 2022, an increase of 4.9%, according to data from the World Trade Organization (WTO). In discussing market access aspects of agricultural trade reform, Argentina, Brazil, Paraguay and Uruguay indicated that international trade plays a fundamental role in food security
FAO states that more than 90% of the world’s fisheries are fully exploited or overexploited. The bad news: the growing demand for fish protein cannot be met by traditional capture fisheries. So far, total global capture fisheries production has remained relatively stable since the late 1980s, with catches
Global fertilizer demand is driven primarily by cereal demand and prices. These in turn are driven by population growth, agricultural land per capita, dietary changes in the developing world and increased consumption of biofuels. According to the IFA, from 1976 to 2020, global fertilizer demand will grow 2%
Commodity prices have declined from the peak levels reached in 2022, but remain high compared to previous periods. By September 2023, the average crude oil price had risen 50% over 2019, while European natural gas prices had risen 140%, according to a WTO report. Moving forward, the WTO
From mid-October 2022 to mid-October 2023, there were 303 new trade facilitation measures adopted by World Trade Organization (WTO) Members and observers. Most of the trade facilitation measures applied to imports. According to the WTO, the reduction or elimination of import tariffs accounted for the largest share of
China is demanding higher quality iron ore, noted the National Steel Company (CSN), Brazil’s largest steel industry. The reason? Because recent regulatory changes have led Chinese steel producers to buy higher quality iron ore. In particular, this product exported from Brazil has gained ground in international markets, particularly