It goes without saying that a country’s economy and level of development largely depend on its exports and imports. Among all other commodities, Agri commodities are no doubt the most exported or imported by different countries around the world. However, which countries are the biggest exporters and importers of these products, and what are other important stats. This blog answers all these questions and more by exploring the global trade of Agri commodities. By understanding how this trade works and which countries are the biggest exporters and importers of these products, you’ll be better equipped to make informed choices when it comes to your own country’s trade policies.
Agri-commodities have become very popular as an investment avenue amongst Indian investors as well as non-resident Indians (NRIs). Since the government of India has liberalized agricultural commodities trading in India, there has been a spurt in interest of people towards investing in Agri-commodities like sugar, rice, spices, pulses and millets. This article provides an overview of the current scenario of trading in agricultural commodities in India and some important factors that you should consider before venturing into trading in Agri-commodities.
The market for agri-commodities in Israel is projected to grow at a CAGR of 5.50% during the period 2020-2025, according to a survey conducted by an independent market research organization. The market drivers for this growth are increasing progress in agricultural innovation along with high investments made in research and developmental activities. Some of the most popular products of the Israeli agricultural market are tomatoes, carrots, turnips, bananas, and grapefruits. Significant agricultural exports from the country include dates, avocados, pomegranates, almonds, and olive oil.
The agriculture commodity trading market of Algeria has great potential. The agriculture sector of Algeria plays a vital role in the development of the country’s economy. Agriculture, with 12.4% of GDP, holds an important position in the Algerian economy. The Agri sector accounts for more than 25 million jobs within the country. Yet, the low agriculture productivity leads to the importation of various Agri commodities. In general, crop productivity is very low as compared to the neighboring country Morocco.
Coffee is one of the world’s most traded Agri-commodities. It is grown in 80 countries and exported by more than 50, with most of them based in Central and South America, Africa, and Asia.
More than 25 million coffee farmers from the emerging nations are primarily small-scale producers. Coffee production and processing employ over a hundred million people. Productivity has a huge influence on the economic growth and ecosystem of the producing regions.
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.
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.
The future of agriculture is a major factor for planners and all other stakeholders. The government and various organizations are trying to address India’s major agricultural issues through Agri Tech innovations
The method of agricultural production that includes a high level of biodiversity with Environmental preservation practices coupled with animal welfare is called Organic Farming. Organic products (Pulses) are always in demand due to sustainable development and fertilizer-free products.
Agricultural Products and Commodities Trading – Agro Buyers & Sellers in India
Rapid advancement in technology brought a fresh change to agricultural and commodity trading. A few decades back, agricultural products and commodities trading used to take place at local markets and mandis. Middlemen, intermediaries, and brokers had a large say in the price control mechanism.