UAE: Agri-Commodity Market Overview
UAE is a global center for Agri- trading. The UAE Economy has rapidly grown in the past few years. Most of its economic success goes to oil exports, the other industries such as agriculture are not that successful because of the scarcity of water reserves, poor soil, high temperature, low rainfall. This is the reason that it imports most of its food products from other countries. The major commodities that UAE imports from other countries are processed meat, fresh vegetables and fresh fruits. India is a major source of agri commodities for UAE like rice, Cashew, dairy products, Cocoa products, Floriculture, fresh vegetables, processed meat, Cereal preparations, fresh fruits.
How Agriculture Sector of UAE has revived in the past few years
According to reliable sources, in the early 1990s, the Agriculture sector of UAE contributed less than 4 percent of its GDP. However, agricultural activity has been the most popular among Emirati people. There have been few areas of farming like Diqdaqah in Ras Al Khaimah, Falak al Mualla in Umm al Quwain, the coastal area of Fujairah, WadiadhDhayd in Sharjah, Al Awir in Dubai and Al Ain and Liwa Oasis in Abu Dhabi. There were lots of obstacles also that UAE faced in agriculture sector such as environmental conditions, water crisis that had affected development. Due to these obstacles, the government had decided to take some steps to increase production of agri-commodities. They decided to give a 50% subsidy on fertilizers, seeds and pesticides. It resulted in the rapid growth of agriculture was seen during the 1990s. Apart from these types of farming, there has been an increase in production of fishing and poultry with local dairies, which meet 92% of its population demand.
There has always been a problem of the scarcity of water reserves. The UAE has made so many efforts to increase the cultivable area but unfortunately, it resulted in an increase in water and soil salinity. But today, the country has set a vision to shift towards sustainable agriculture. The UAE Agriculture sector adopts the latest technologies and modern irrigation systems. Currently, there are several organic vegetarian farms, manufacturing facilities, and also animal production farms. These changes have been seen in the UAE agriculture sector during COVID-19 pandemic, when some agri-commodity exporting countries have banned trade of basic food items.
UAE: Agri Commodities Trade with India
UAE has always been a big destination for India’s Agri based business. According to reliable sources, in 2019, India exported at least USD 38 billion of agricultural products to Middle East countries such as UAE, Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, the Syrian Arab Republic, Turkey, Yemen. These countries have always been one of India’s largest markets for export. Recently, UAE has launched an e-market platform , Agriota that will reduce the gap between Indian farmers and the Gulf food Industry. The motive of this platform is to give an opportunity to Indian farmers to connect directly with UAE food processing companies.
How B2B Platforms help traders in trade globally
Tradologie.com – world’s 1st next generation B2B platforms facilitating trade in Agri-commodities and food products. It works by arranging live negotiations between verified sellers and buyers across the globe. They allow them to negotiate in real-time over prices, quality, quantity and finalize deals without any interruption of third person. Connect with Tradologie.com and discover new way to trade.UAE is a global center for Agri- trading. The UAE Economy has rapidly grown in the past few years. Most of its economic success goes to oil exports, the other industries such as agriculture are not that successful because of the scarcity of water reserves, poor soil, high temperature, low rainfall. This is the reason that it imports most of its food products from other countries. The major commodities that UAE imports from other countries are processed meat, fresh vegetables and fresh fruits. India is a major source of agri commodities for UAE like rice, Cashew, dairy products, Cocoa products, Floriculture, fresh vegetables, processed meat, Cereal preparations, fresh fruits. How Agriculture Sector of UAE has revived in the past few years According to reliable sources, in the early 1990s, the Agriculture sector of UAE contributed less than 4 percent of its GDP. However, agricultural activity has been the most popular among Emirati people. There have been few areas of farming like Diqdaqah in Ras Al Khaimah, Falak al Mualla in Umm al Quwain, the coastal area of Fujairah, WadiadhDhayd in Sharjah, Al Awir in Dubai and Al Ain and Liwa Oasis in Abu Dhabi. There were lots of obstacles also that UAE faced in agriculture sector such as environmental conditions, water crisis that had affected development. Due to these obstacles, the government had decided to take some steps to increase production of agri-commodities. They decided to give a 50% subsidy on fertilizers, seeds and pesticides. It resulted in the rapid growth of agriculture was seen during the 1990s. Apart from these types of farming, there has been an increase in production of fishing and poultry with local dairies, which meet 92% of its population demand. There has always been a problem of the scarcity of water reserves. The UAE has made so many efforts to increase the cultivable area but unfortunately, it resulted in an increase in water and soil salinity. But today, the country has set a vision to shift towards sustainable agriculture. The UAE Agriculture sector adopts the latest technologies and modern irrigation systems. Currently, there are several organic vegetarian farms, manufacturing facilities, and also animal production farms. These changes have been seen in the UAE agriculture sector during COVID-19 pandemic, when some agri-commodity exporting countries have banned trade of basic food items. UAE: Agri Commodities Trade with India UAE has always been a big destination for India’s Agri based business. According to reliable sources, in 2019, India exported at least USD 38 billion of agricultural products to Middle East countries such as UAE, Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, the Syrian Arab Republic, Turkey, Yemen. These countries have always been one of India’s largest markets for export. Recently, UAE has launched an e-market platform , Agriota that will reduce the gap between Indian farmers and the Gulf food Industry. The motive of this platform is to give an opportunity to Indian farmers to connect directly with UAE food processing companies. How B2B Platforms help traders in trade globally Tradologie.com – world’s 1st next generation B2B platforms facilitating trade in Agri-commodities and food products. It works by arranging live negotiations between verified sellers and buyers across the globe. They allow them to negotiate in real-time over prices, quality, quantity and finalize deals without any interruption of third person. Connect with Tradologie.com and discover new way to trade.