India is a major non-basmati rice exporter in global markets giving stiff competition to Vietnam. Thailand and the USA are the other two countries producing and exporting parboiled rice and 100% broken rice. In the financial year 2021, India witnessed an increase in exports driven by record-high sales of non-basmati (13.9 million tons) and Basmati rice (4.6 million tons). According to the Agriculture and Processed Food Products Export Development Authority (APEDA), the shipments of Non-Basmati Rice rose 115.44 percent to $3.51 billion in April-January 2020-21 from $1.63 billion in the same period in 2019-20.
The United Nations General Assembly had declared 2016 as the International Year of Pulses (IYP) and had nominated FAO (Food and Agriculture Organization) as the entity that would implement this concept in collaboration with different stakeholders. The idea was to highlight the crucial role played by pulses in maintaining a healthy diet, sustainable production of food, and also food security.
Basmati is long and slender grained aromatic rice that is delicious in taste. It becomes fluffy and twice its original size once it is cooked. It is grown in the foothills of the Himalayas in India and Pakistan with India producing two-thirds of the total global supply. As of now, it is the staple of many Indian dishes and is also enjoyed as part of delectable cuisines across the world.
The global edible oils market is expected to grow with a CAGR of 7.1 percent for the forecast period of 2021-2028, according to independent market research firms.
This substantial growth is because of the increasing popularity of trans-fat-free oils. Globally, people are aware of health these days and would be more inspired to start using vegetable oils that are low on cholesterol, fat and calories. Other factors driving the growth of the bulk edible oil market are substantial improvements in retail networks, a significant increase in crop yields, and the growing economies in different parts of the world. Increasing use of canola oil, olive oil and trans-fat-free soybean oil would also be driving the global edible oil market in the foreseeable future.
The sugar industry comprises the production, processing and marketing of sugars. Sugar beets and sugarcanes have the largest percentages of sugar among different types of plants. This is why they are the most preferred choices when it comes to extraction. The global sugar market attained a volume of 193.2 million tons in 2020. This growth is expected to continue with the forecast for 2026 by independent market research firms to be around 202.1 million tons.
Spices have been traded since ancient times and India has been at the helm of this trade. It all started with Portuguese navigator Vasco de Gama making the first sea voyage from Europe to India in 1498 and opening up trade routes. At present, India grows more than 60 different kinds of spices and produces 60 lakh MT, of which 11 percent is exported to more than 150 nations. Today, the country is the largest exporter of spices followed by Vietnam and China. The exquisite taste, aroma, texture and medicinal properties of black pepper, cardamom, cumin seed, mustard seed and fenugreek are nurtured mostly in small land holdings and organic farms in the country.
In FY 2020, the Indian organic spices market stood at 200 million dollars with an estimated CAGR of 11 percent over the next five years. This buoyant growth rate is mainly being driven by the increasing awareness among end-users about the harmful effects of chemicals, pesticides and additives on health.
India – known as the land of exotic spices – has a well-documented trading history with many civilizations of the world since ancient times. The earliest trade routes connected the country with Europe, the Middle East, and the rest of the world and have been in use for centuries.
The global trade of Indian pulses for all regions has witnessed a steady growth rate in the last decade, with the maximum growth in export and import quantity assigned to African and American regions respectively. The import market for Indian pulses has been gradually moving away from developing to developed nations over the years. The competitive advantage of India in the trade-in pulses is evident from the high export prices of all major pulses as compared to the import prices.
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.
Agriculture trading is an age-old concept and goes back to the time when Romans grew crops for trading. Since ancient times, agriculture trading has expanded its wing globally. Undoubtedly, modern agri-trading not only includes the import and export of food products but also includes fibers, livestock, and raw materials. Modern Agri-trading is vast and global due to the advancement of technology. Moreover, the ever-changing trade agreements play a vital role in the growth of agri-trading.