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Introduction The world population is ever increasing today the world population is estimated at almost 7 billion people worldwide US Census Bureau 2012 It is projected that the world population will be around an estimated 91 billion people by 2050 FAO 2011 This exponential increase in the world population poses many challenges and questions regarding the sustainability of the current limited wheat supply In terms of total production for food wheat is currently second only to rice as the main human food crop Wheat is grown on more land than any other commercial crop throughout the world as well as heavily relied upon throughout the world market Curtis Rajaram Macpherson 2002 As advancement in technology is developed new and traditional demand for wheat will put an ever increasing pressure on an already limited resource Yield rates of wheat will need to continue to grow the efficiency of agriculture will need to keep making advances as the agriculture sector continues to compete for land and water against urban settlements Other obstacles that need to be considered include the effects that climate change government policy and trade policy will shape the future agriculture industry This paper will analyze and evaluate the current position of the world wheat market and look to forecast how the demand for wheat and the supply for wheat will compare This is to give an idea of what kind of food security countries will have on a global scale by the year 2050 In addition using a relationship between historical wheat prices and stocks-to-use ratios it wil be possible to predict a 2050 world wheat priceWheat Demand Projection to 2050Introduction of DemandAccording to Weaver 2000 China India Russia the United States Pakistan France Turkey Germany Iran and Ukraine are the top ten wheat consuming countries in the world Chinas domestic consumption is the highest it averages 1125 million metric tonnes MMT per year
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