The demand for Indian Agri products is rising in the Middle East. With a population of about 340 million, Saudi Arabia’s farming sector is relatively small, but the country is restructuring its agricultural business to meet its growing food needs. Demand for Indian Agri products such as turmeric, tea, and coffee is also on the rise.
Libya is one of the most important countries in the Mediterranean region due to its strategic location, natural resources and proximity to Europe. Its Agri-Commodity Market is mainly composed of olive trees, citrus fruits, dates and cereals. Besides the traditional crops mentioned above, Libya also produces vegetables and livestock.
Ethiopia is one of the fastest growing economies in Africa, with an estimated GDP growth rate of 10.5% in 2020. It is also one of the largest markets in Africa for Agri-commodity, with a population of over 100 million people.
The Jamaican economy is heavily dependent on agri-commodities, which account for around 20% of GDP and 80% of exports. The country’s agricultural sector is expected to face challenges in the coming years due to a number of factors, including declining domestic demand and increasing competition from other Caribbean countries.
The economic and socio-cultural ties between India and Saudi Arabia are centuries old. The bilateral strategic partnership depends to a significant extent on the economic relationship between the two countries.
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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.
The global sugar trade is around 64 million tons per year. Raw sugar accounts for around 60% of worldwide commerce volumes. Although more than 120 nations produce sugar, the top 5 Sugar Exporting Countries (Brazil, Thailand, India, Australia, and Guatemala) accounted for approximately 70% of global commerce in 2016-18.
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.
