World Major trading
Wheat is a cereal grain that belongs to
the grass family of the genus ‘Triticum’. A dry, one seeded fruit named kernel
is obtained from this spiky grass like grain, which is ground to make flour and
is consumed throughout the world as one of the most important staple food. It
is the second largest cereal grain consumed on earth and that is why it is
widely cultivated in more than 30000 varieties.
Wheat is important especially for
making breads and other bakery products as it has got the maximum number of
glutens as compared to any other grain. This crop is also grown as a forage
crop for the livestock.
Wheat is a very important edible cereal
grain crop. As already mentioned, it is the second largest grain crop consumed
after rice. The cultivation of wheat has its own advantages like it has a very
good yield per unit area, has a relatively short growing duration period and
the production of wheat is comparatively easier than the other grain crops as
it grows well in the temperate regions. That is why it serves as a very good
cash crop and proves its dominance in the world commerce. Gluten, which is a
primary constituent in raised bread, is found in wheat and that is why most of
the bakery products are made from wheat only.
The major trading centers throughout
the globe where wheat is traded are
- Chicago (CBOT)
- Canada (Winnipeg Commodity Exchange)
- Kansas (Kansas City Board of Trade)
- Missouri
- Japan
- Australia
- Bulgaria (Sofia Commodity Exchange)
- China
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