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date: 28 June 2022

Abstract and Keywords

Commodity traders deal in grain and their derivatives. But the water consumed to produce these grains is also an intrinsic part of the transaction. Virtual water is a useful concept for traders, academics, and agriculture policy experts so that we all think more deeply about the consequences of what is produced and in which water basin.1 Environmental services, including most notably water, are being stressed in many parts of the world, yet are still plentiful in others. Optimizing the use of the planet’s environmental services to produce the food necessary for global food security requires a smart and global value chain that needs a broad understanding of water from all actors in this value chain.

Keywords: Virtual water, global commodities, value chains, environmental services, international commodity traders

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