Wheat is one of the most significant food crops, accounting for approximately one-fifth of the global calorie supply. Nearly 19 percent of the world’s wheat output is marketed globally, largely as exports from OECD nations, notably Australia, Canada, the European Union (EU), and the United States, to impoverished countries to meet food requirements.
Vietnam is a beautiful Asian country famous for its luscious rice fields in the north to the vibrant hustle of the Mekong Delta in the south. Vietnam is world-famous for its Agri commodities market.
Agriculture has always been quite important in Vietnam. The Red River delta, the Mekong River delta, and the southern terrace region are the major agricultural areas. The center coastline terrain, which is vulnerable to severe typhoons, is a low-productivity zone.
Thailand (Thai: ประเทศไทย), previously known as Siam and officially as the Kingdom of Thailand, is a Southeast Asian country. You must have known this beautiful country for tropical beaches, opulent royal palaces, ancient ruins, and ornate temples displaying figures of Buddha, but it’s much more than that. Its rising Agri-commodities market has also added glories to its popularity and has brought global fame to the country.
Sugar is a kind of carbohydrate that the body uses to produce glucose. They are a source of energy for us.
It can be found naturally in some foodstuffs, such as fruits and dairy products, and is also added to a wide range of foods. However, the most common crop used for extracting Sugar used in our daily lives is Sugarcane. It contributes 80% of the World’s Sugar Production.
Rice is one of the world’s foremost food crops for humans, particularly in Asian countries. Top 5 rice-consuming countries in the world during 2020 are from Asia.
Rice is the third most grown crop in the world? The only two crops produced more than rice are maize (corn) and sugarcane. It grows in moist conditions, which are common in the Asian region.
Agriculture plays a vital role in India’s economy. More than 58 percent of rural families rely on agriculture as their primary source of income. Agri commodities exporters play a significant role in building a nation’s economy.
As the world becomes more globalized, food supply chains are getting more complicated to manage in terms of preventing food wastage and ensuring safe, nutritious, quality food. Digitization can tackle all of this accompanied by realistic problems. People working in sourcing and procuring Agri commodities play an important role in linking agricultural communities with food processing firms on a global scale.
Rice is one of the major food items in many countries. It is consumed by a majority of the human population worldwide. It grows in moist conditions, which are common in the Asian region. The Philippines and China are the leading rice importing countries during 2020.
Introduction to Agri Commodity Trading:
- The term Agri commodity is commonly used about basic agricultural products that are either in their original form or have undergone only primary processing. Examples include cereals, coffee beans, sugar, edible oil, fruits, vegetables, meat, cotton, rubber, etc.
- The basic commodities that drive the market include eatable items, oil and gas products, solid minerals, metals, and above all agricultural products.
- They are exchanged globally, with firms in two nations acting as the primary catalysts for the trades, while their governments provide the essential facilities.
- The Agri commodity trading industry has grown more accessible to smaller participants in recent years.
Moreover, the world has changed drastically after the Coronavirus intervention. Surviving the virus is one thing; another is surviving its impact on the global economy.
Every nation is trying too hard to revamp the economy with some of the other methods.