FACTS ABOUT AFRICA
Is the second largest continent covering 22% of the Earth’s land area
25% of the world’s languages are spoken in Africa
Yearly growth rate of New born babies is 30% in Africa
Soon Africa’s population will be more than Europe, North America and
By 2040 Africa’s labour force is expected to be more than 1 billion
and 1 out of every 4 workers will live in Africa.
FACTS ABOUT AFRICA
Africa‘s combined GDP is second largest after China in the world.
Africa is 2nd largest Wheat importer
Exports 12% Coffee of the world
Exports 20% Cotton of the world
Exports 5.5% Sugar of the world
Produces 35% of Global oil seeds
Produces 70% of Global Cocoa
AFRICA: NOW AND FUTURE
GDP is $1.6 trillion in 2010
It will grow to $2.6 trillion (By 2020)
Consumer spending is $860 billion in 2008
It will grow to $1.4 trillion (By 2020)
Households 85 M with discretionary income
It will become 128 M ( By 2020)
Urbanization rate is 40% in 2014
It will be 50% ( By 2030)
Current working population is 583 M
It will become 1.1 Billion ( By 2040)
Youngest working population is 39%
It will exceed China & India (By 2035)
Revenue from Agriculture was $280 B in 2008
It will be $500 B ( By 2030)
Inflation rate Avg. 22% in 1990
In 2000, it was 8%
Sourced : McKinsey
FEW COMPARISION WITH INDIA AND WEST
Up to some extent
< 1 Ha
Natural/ New Varieties Hybrids
PULSES PRODUCTION IN AFRICA
WHAT WE CAN DO FOR AFRICA??
Government Policies on Import Duty for Pulses in India:
Pulses exports out of Africa is about 200K-MT. Which is hardly 10% of total
import or 1% of total production globally. Uncertainty on import duty discourages
African farmers and trade both.
Fumigation compliance ( by Indian Govt.) - Methyl Bromide:
By and large, WROLD is discoursing the use of Methyl Bromide, and some of the
courtiers have totally banned.
Whereas Indian law only permits to import if the product is fumigated with MB.
Any cargo import without such compliance is subject to penalty of USD 4/MT. Indian Govt has partially relaxed such requirements to Canada, France and
and we all should request for similar exemption for the import from
Perception of protecting farmers from cheap imports:
Realization for farmers in Africa is far less compared to India.
Eg. Malawi Toor @ $500.00 $/MT CNF
less $150 logistic cost, less $70-80 Domestic transport & other handling costs
and farmers gets $270-280 per mt with an average yield of 300 kg per Ha,
whereas, Indian farmer realization is about INR 40/- per kg (Approx. $640)
Realistic and accurate market information :
Wrong or misleading rumors are not healthy for trade and we should aim to
address this adequately. For example this year for African TOOR crop, prior to
arrivals huge crop rumors were circulated whereas the actual crop and export is
WHAT WE CAN EXPECT ?
In coming days, Africa would be a bread basket
for the world and it has a huge potential which
will essentially benefit to all of us.
ABOUT ETG GROUP
We currently operate in 25 countries of
Africa and manage complete supply chain.
ETG could be ultimate partner when it
comes to the Pulses Trade.