LATIN AMERICAN COUNTRIES IN WORLD TRADE IN FOOD PRODUCTS

Abstract

During the COVID-19 pandemic, there has been a marked increase in world prices for agricultural commodities, which has increased the value of international food trade. In other words, the coronavirus crisis, which has caused a decline in global trade, has hardly affected the interests of food producing and exporting countries. Many agricultural enterprises have become beneficiaries of the boom in international food markets. This was most clearly manifested in the markets for grains and oilseeds, as well as meat and meat products, where the positions of Latin American business structures are particularly strong. As the current trends demonstrate, the situation on the world food market favors the further growth of companies producing agricultural products in Latin America, primarily Brazil, which has firmly taken its place among the leading food exporting countries. These phenomena are of considerable interest to the Russian Federation, which, on the one hand, is a traditional importer of food products from Latin America, and on the other hand, itself is becoming an increasingly large producer and exporter of agricultural products, which leads to a reduction in purchases of certain types of food on the world market, including from Latin American countries.