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Product Trade

As incomes have risen in many countries during the past few decades, consumers have begun purchasing more high-value food items. Food suppliers have responded to this expanding consumer demand by importing high-value foods from around the world and by investing in processing facilities. The choice to import or produce locally depends on the nature of the product, trade and domestic policy issues, and other factors affecting transaction costs.


Spotlights

Processed Food Trade Pressured by Evolving Global Supply Chains—Many factors affect the choice of locations to produce and sell food products. Patterns of food trade are strongly influenced by the changing nature of competition in the global food industry--from shifting consumer preferences to the growth in multinational food retailers and the ways they manage their global supply chains.

International Food Consumption Patterns—This database estimates food budget shares and income and price elasticities, using 1996 data, for 9 major consumption groups and 8 food subgroups across 114 countries. The depth and breadth of these data provide an opportunity to incorporate the elasticities into research on changing food demand patterns.

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