Imposing the Covid-19 pandemic regulations on the international trade sector affected every sector of the world adversely. This pandemic not only affected the agriculture sector, but also sectors like manufacturing, automotive, construction, and import/export were affected, adversely. As compared to the climatic impact, the Covid-19 pandemic has a greater impact on the global economy due to human life loss and business as well. In the present crisis, the Agri-commodity sector is affected badly. Many big players on the trading field faced a huge loss or went completely out of the race. Likewise, in other global trades in Agri-commodities, the export of wheat was also impacted adversely.
Wheat is one of the most significant food crops, accounting for approximately one-fifth of the global calorie supply. Nearly 19 percent of the world’s wheat output is marketed globally, largely as exports from OECD nations, notably Australia, Canada, the European Union (EU), and the United States, to impoverished countries to meet food requirements.
Wheat is a crop that is extensively grown across the world as a cereal grain. It is one of the most adaptable cereals due to its complex nutritional profile and essential health advantages.
Wheat is also a significant ingredient in baking items, and it is the second most cultivated cereal owing to its huge demand.