From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy

This article analyzes how value chains play a role in the political economy of agricultural and food policy by (1) discussing historical insights; (2) reviewing an emerging literature on trade drawing implications for policy; (3) market power issues with increasing concentration agri-food its government regulations; (4) presenting case study recent regulations that have explicitly targeted chain structures sector: EU “unfair trading practices (UTPs)”. The is wider relevance since it addresses key concern global chains.