CURRENT TRANSFORMATION OF THE GLOBAL AGRICULTURAL MARKET AND EXPORT OPPORTUNITIES FOR THE REPUBLIC OF MOLDOVA

Abstract

The research explores the current evo- lution and transformation of the global agri- cultural market, as well as the appropriate adjust- ment capacity of the Republic of Moldova's agricultural exports. The article represents a quantitative and qualitative research, which capi- talizes the specialized literature and analyses international trade data. The findings showed the agricultural trade of the countries of the world currently registers a fluctuating but mar- kedly increasing trend, becoming truly global as an increasing part of it takes place in global agricultural and food processing value chains. We revealed the characteristics of the global agricultural market, the challenges it faces, including the impact of the COVID-19 pandemic and the war in Ukraine. We have carried out a quantitative and qualitative analysis of the recent evolution of international grain prices, the evo- lution of Moldovan agricultural exports, addres- sing the current opportunities for them, arguing that the economy of the Republic of Moldova is highly dependent on trade in agricultural plant products.

Keywords

• global agricultural market
• sus- tainability of agriculture
• food security and insecurity
• agri-food supply chains
• agri-food value chains
• agflation
• republic of moldova