How Developments in Trade and Globalisation are Shaping Agricultural Markets

Global trade is the lifeblood of economic growth but has lost momentum over the last couple of years due to events, such as COVID-19, the war between Russia and Ukraine, and increased protectionist policies implemented all over the globe. More recently, shipping disruptions in the Panama and Suez Canal have contributed to the disruptions in historical trade rhythms. In this chapter, we explore what this could mean for agriculture.

Transits almost cut in half in the two international canals

Shipping constraints in the Suez and Panama canals are resulting in disruptions in trading rhythms. This is contributing to a general slowdown in global trade apparent since 2018.

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