Abstract and Keywords
The globalization of agrifoods systems is transforming the value chain of multiple food commodities, including wheat. Demand for grains will continue to rise amidst challenges such as water stress and price volatilities. The wheat global value chain is complex and depends on a handful of exporters and international trading houses. International lead firms in the chain are the primary buyers and they link production to consumption regions. Their role has implications for food security and grain trade. This chapter uses the global value chain (GVC) lens to examine the global wheat industry, its governance structure, and the key value chain dynamics that drive power in the chain. GVCs refer to the sequence of value-added activities that comprise the creation, delivery, and end use of a given product or service and the role of actors in the chain.
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