Zero Hunger

Living Edition
| Editors: Walter Leal Filho, Anabela Marisa Azul, Luciana Brandli, Pinar Gökcin Özuyar, Tony Wall

Food Commodity Market: History and Impact of Food Trading Toward SDG2

  • Michele F. FontefrancescoEmail author
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-69626-3_13-1

Synonyms

Definition

Food commodity markets are socioeconomic institutions, often located in specific geographical places. They are specialized in the exchange of agricultural products, such as staple crops (e.g., grains), animals (e.g., poultry), and animal products (e.g., butter). The exchanges are completed through financial transactions, such as futures contracts and options contracts.

Introduction

Food commodity markets are socioeconomic institutions that “encompass specific social, legal, and political processes that enable economic transactions, but also extend far beyond them” (Bestor 2001, p. 9227). After 2009 financial market crisis, which also impacted and created instability on food price trends on a global level, the public debate started looking at how the market of food products had been structured and strongly financialized. International institutions, such as FAO (2018b), pointed out at the risks...

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.University of Gastronomic Sciences PollenzoItaly

Section editors and affiliations

  • Mohammad Sadegh Allahyari
    • 1
  1. 1.Department of Agricultural ManagementRasht Branch, Islamic Azad UniversityRashtIran