IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

South American wheat markets and MERCOSUR:

Listed author(s):
  • Diaz-Bonilla, Eugenio

This paper analyzes the wheat market in South America, with a focus on MERCOSUR. It argues that wheat markets in South America have undergone significant changes over the last decade, driven by the world macroeconomic and agricultural cycle of the last quarter of the century, as well as specific economic and sectoral policies in the region. Latin America's economic environment is now characterized by fiscal constraints and greater price stability, market liberalization and trade openness. In this new setting, Argentina has consolidated its position as a net exporter, due to both increased production and stagnant or even declining consumption, while Brazil and the rest of South America, with opposite trends in production and consumption, are increasing their net imports of wheat.These supply and demand changes, along with greater trade liberalization, are reshaping trade patterns in the region, increasing Argentina's exports to Brazil and the rest of South America. This trade environment will continue to change due to the phasing in of WTO disciplines, and the possible expansion of regional trade agreements. Wheat trade issues that in the past focused prominently on export subsidies and trade practices of state trading enterprises may, in the future, be more related to sanitary and phytosanitary practices or to controversies linked to wheat flour and wheat-based manufactured goods, rather than to the primary product. Besides trade and agricultural sector policies affecting directly the primary sector, other aspects to be considered for future patterns in wheat production, consumption and trade, are the evolution of the milling, bakery, pasta and related industries in Brazil and Argentina, and different macroeconomic policies in both countries, particularly regarding exchange rate regimes.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.ifpri.org/sites/default/files/publications/tmdp23.pdf
Download Restriction: no

Paper provided by International Food Policy Research Institute (IFPRI) in its series TMD discussion papers with number 23.

as
in new window

Length:
Date of creation: 1997
Handle: RePEc:fpr:tmddps:23
Contact details of provider: Postal:
1201 Eye Street, NW, Washington, DC 20005-3915

Phone: 202-862-5600
Fax: 202-467-4439
Web page: http://www.ifpri.org/
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:fpr:tmddps:23. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.