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World Markets for Cereal Crops

Global Trends for Production, Consumption, Trade and Prices

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Biokerosene

Abstract

Cereals, especially corn and wheat, are feedstocks to produce biofuels (e.g., ethanol). However, they are mainly used as food and feed. This chapter describes the global developments of cereal markets, especially wheat, corn and barley with a special focus on major countries. Wheat is mainly used as food. While China and India are large producers, they do not play a role in wheat export markets which are dominated by the European Union (EU), Russia, Canada, the United States (US) and Ukraine. The corn market grew strongly in the last 15 years. The United States is the largest corn producer, consumer and exporter. The barley market, dominated by the European Union, is stagnating. However, exports have increased in the last years. Biofuel policies have increased the demand for corn, especially in the United States, as well as for wheat, especially in the European Union. However due to changing polices this trend is unlikely to continue in the future. Additionally, global trends and possible future developments are discussed.

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Notes

  1. 1.

    If not stated otherwise, data is used from [2].

  2. 2.

    The marketing year is country and crop dependent, e.g., for wheat and barley in Europe it is typically from July to June. For all definitions of the marketing years see [3].

  3. 3.

    This and the following graphs display also figures for the marketing year 2016/2017, which are, however, estimates and subject to change considerably as the harvest was still ongoing and the marketing year was not over at the time this chapter was written.

  4. 4.

    E# describes the percentage of ethanol in the ethanol-petrol mixture by volume; for example, E10 stands for fuels with 90 % petrol and 10 % ethanol. B# describes the percentage of biodiesel in the biodiesel-diesel mixture by volume; for example, B5 stands for diesel fuel with 95 % (“fossil”) diesel and 5 % biodiesel.

References

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Author information

Authors and Affiliations

  1. Thünen-Institut für Marktanalyse, Braunschweig, Germany

    Verena Wolf & Martin Banse

  2. ADM Germany GmbH, Hamburg, Germany

    Jakob Dehoust

Authors
  1. Verena Wolf
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  2. Jakob Dehoust
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  3. Martin Banse
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Corresponding author

Correspondence to Verena Wolf .

Editor information

Editors and Affiliations

  1. Institute of Environmental Technology and Energy Economics, Hamburg University of Technology, Hamburg, Germany

    Martin Kaltschmitt

  2. Institute of Environmental Technology and Energy Economics, Hamburg University of Technology, Hamburg, Germany

    Ulf Neuling

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Wolf, V., Dehoust, J., Banse, M. (2018). World Markets for Cereal Crops. In: Kaltschmitt, M., Neuling, U. (eds) Biokerosene. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-53065-8_7

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  • DOI: https://doi.org/10.1007/978-3-662-53065-8_7

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  • Print ISBN: 978-3-662-53063-4

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