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.
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.
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.
Agriculture is responsible for around 20 percent of GDP (Gross Domestic Product) and 30 percent of export earnings of Morocco; this sector along with fishing and forestry employs as much as 45 percent of the total workforce of this North-African developing nation. The country produces oranges, tomatoes, potatoes, olives, and olive oil and exports premium agricultural produce to Europe.
The Agri-commodity and food sector in Iran is expected to grow significantly in the years to come.
Iran is one of the largest economies in the Middle East and is characterized by a growing population and a rising income of the citizens. The country plays a large part in the consumption of agri-commodities in the region. There is a growing demand for food products and the production capacity of the country is often found struggling to meet the same. This growing demand for food is fueled by continuous growth in population, an increase in the middle class, and also an increase in urbanization.
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.
Rice is a staple food crop in many countries, especially in the Asian regions from Japan in the east to Pakistan in the west. It grows in moist conditions, which are common in the Asian region. And with such climatic conditions, India and Thailand became the leading rice exporting countries during 2020.
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.
India is considered ‘The Land of Spices’ as Indian Spices are world-famous for their flavor and fine texture.
The glory of Indian spices prevails all over the world and that helps India holding a commanding position in the global spice trade.
Trade is essential in supplying agri-commodities to consumers all over the world. It contributes to providing greater choice in consumer goods and plays a vital role in reducing food insecurity across the globe.
