China faces significant challenges in ensuring sufficient food production due to limited arable land. Only 7% of global arable land is in China yet it must feed 25% of the world's population. Urbanization is reducing available farmland while current farming methods are inefficient. Technology is seen as key to addressing this - vertical farming, robotics, AI and big data can boost productivity. However, challenges remain around soil contamination and public acceptance of GMOs. Future opportunities exist in cleantech, new production methods, and innovations that enable more to be grown with fewer resources.
The COVID-19 pandemic has given the biggest blow to the world economy after the great depression
1930s.Around 60% of the world population is either under severe or partial lockdown without having medical
solution to the coronavirus and affected the industrial sector severely.The impact is severe on
trade,manufacturing and MSMEs.Manufacturing sector may shrink from 5.5%to 20%,exports from 13.7% to
20.8%,imports from 17.3% to25%and MSMEs net value added (NVA) from 2.1%to5.7% in 2020
This reduction in supply along with the support by a number of Government schemes, including MGNREGA has led to an escalation in farm wages which is adversely impacting the profitability of the farmer. Rural wages have been growing by 17% on average since 2006-07 outstripping urban wages. At the same time, the increase in wages, without an increase in productivity, is fueling inflation.
The COVID-19 pandemic has given the biggest blow to the world economy after the great depression
1930s.Around 60% of the world population is either under severe or partial lockdown without having medical
solution to the coronavirus and affected the industrial sector severely.The impact is severe on
trade,manufacturing and MSMEs.Manufacturing sector may shrink from 5.5%to 20%,exports from 13.7% to
20.8%,imports from 17.3% to25%and MSMEs net value added (NVA) from 2.1%to5.7% in 2020
This reduction in supply along with the support by a number of Government schemes, including MGNREGA has led to an escalation in farm wages which is adversely impacting the profitability of the farmer. Rural wages have been growing by 17% on average since 2006-07 outstripping urban wages. At the same time, the increase in wages, without an increase in productivity, is fueling inflation.
IFPRI's flagship report reviews the major food policy issues, developments, and decisions of 2017, and highlights challenges and opportunities for 2018 at the global and regional levels. This year's report looks at the impacts of greater global integration—including the movement of goods, investment, people, and knowledge—and the threat of current antiglobalization pressures. Drawing on recent research, IFPRI researchers and other distinguished food policy experts consider a range of timely topics:
■ How can the global food system deliver food security for all in the face of the radical changes taking place today?
■ What is the role of trade in improving food security, nutrition, and sustainability?
■ How can international investment best contribute to local food security and better food systems in developing countries?
■ Do voluntary and involuntary migration increase or decrease food security in source countries and host countries?
■ What opportunities does greater data availability open up for improving agriculture and food security?
■ How does reform of developed-country farm support policies affect global food security?
■ How can global governance structures better address problems of food security and nutrition?
■ What major trends and events affected food security and nutrition across the globe in 2017?
The 2018 Global Food Policy Report also presents data tables and visualizations for several key food policy indicators, including country-level data on hunger, agricultural spending and research investment, and projections for future agricultural production and consumption. In addition to illustrative figures, tables, and a timeline of food policy events in 2017, the report includes the results of a global opinion poll on globalization and the current state of food policy.
Paul Dorosh, Bart Minten, Alemayehu Seyoum Taffesse
BOOK LAUNCH
Virtual Event - Ethiopia’s agri-food system: Past trends, present challenges, and future scenarios
SEP 22, 2020 - 08:30 AM TO 10:00 AM EDT
Packaged food in Vietnam continued to develop in 2010 due to a continuous economic recovery, the signs of which included higher Gross Domestic Product (GDP) growth. Consumers’ spending confidence returned, which, combined with growing personal incomes and rapid urbanization, drove up the sales value of necessities such as sauces, noodles and condiments as well as indulgence and premium segments such as confectionery, ice cream, and sweet savoury snacks. In addition, the increasing prevalence of modern lifestyles and Western-influenced culture created huge potential for non-traditional food such as cheese, pasta and ready meals.
Emerging Paradigm for India's Manufacturing Sector Sudeeksha Gupta
A presentation based on our research paper " Emerging Paradigm for India's Manufacturing Sector". It assesses the general potential impact of the shock on various segments of the economy with specific details of impact on the manufacturing sector, the factors stimulating it and analyse the policies that have been announced so far by the central government to ameliorate the economic shock and put forward a set of key recommendations for businesses and Indian economy.
Fadama Crop Farming Enterprise and Poverty Alleviation in Kogi State, NigeriaAI Publications
Poverty is an affront to the existence of mankind, which must be fought from all angles. This study examines the impact of Fadama crop farming enterprise on poverty alleviation in Kogi State. Questionnaires were administered to 180 households, 90 each to Fadama crop farming and Non-Fadama farming households in the area. Data was analyzed using the relative poverty index and the logit regression model. The relative poverty index using the so-called P.alpha shows that the non-Fadama farming households had higher values of the various dimensions of the incidence of poverty, P0, P1, and P2, than the Fadama crop farming households while the logit regression analysis with the aid of the SPSS packages revealed that five of the nine variables, namely; farm size, household size, annual income, total expenditure and age of the household heads, were statistically significant at 5% level. The study has identified Fadama crop farming enterprise as a means of economic development and poverty alleviation and therefore recommends the development and proper management of the vast Fadama resources and potential in Kogi State and Nigeria at large, the enhancement of the income base of the Fadama crop farmers through governments’ deliberate policies/programmes, the provision/subsidization of Fadama farming inputs as well as education/public enlightenment of the Fadama crop farmers. Finally, suggestions for further studies on the impact of Fadama farming generally on poverty alleviation and the role of other enterprises such as the small scale industries/businesses on poverty alleviation in the study area were proffered.
Macroeconomic Variables and Manufacturing Sector Output in Nigeriaijtsrd
Management of macroencomic variables has been noted as instrumental to a well performing manufacturing sector. This study thus examined the effect of macroencomic variables on the manufacturing sector in Nigeria within a liberalised economic era of 1986 to 2018. The Autoregressive Distributive Lag model was employed for data analysis. The results revealed that macroeconomic variables has 93 significant short run policy effect but no significant long run effects on manufacturing sector output in Nigeria. The endogenous dynamics of manufacturing sector previous year outputs exerted a significance influence on the macroeconomic variables long run relationship effect on current year. The explanatory variables suggested that money supply M2 , interest rate INTR and credit to private sector CPS exerted positive effects on manufacturing sector output at short term trends. The study thus posits that macroeconomic variables have varying levels of effects on the manufacturing sectors of Nigerian economy. The monetary authority should employ the monetary policy stance in a pattern that increases money supply in order to boost investment in manufacturing sector which would eventual bring about improved output to Nigeria. Dr. Loretta Anayo Ozuah "Macroeconomic Variables and Manufacturing Sector Output in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2 , February 2021, URL: https://www.ijtsrd.com/papers/ijtsrd38420.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/38420/macroeconomic-variables-and-manufacturing-sector-output-in-nigeria/dr-loretta-anayo-ozuah
Analysis of Households income Generation in Fadama IIIBeneficiary Communities...iosrjce
IOSR Journal of Agriculture and Veterinary Science (IOSR-JAVS) is a double blind peer reviewed International Journal edited by the International Organization of Scientific Research (IOSR). The journal provides a common forum where all aspects of Agricultural and Veterinary Sciences are presented. The journal invites original papers, review articles, technical reports and short communications containing new insight into any aspect Agricultural and Veterinary Sciences that are not published or not being considered for publication elsewhere.
India is the fourth largest global producer of agrochemicals after the US, Japan and China. This segment generated a value of USD 4.4 billion in FY15 and is expected to grow at 7.5% per annum to reach USD 6.3 billion by FY20. Approximately 50% of the demand comes from domestic consumers and the rest from exports. During the same period, the domestic demand is expected to grow at 6.5% per annum and exports at 9% per annum.
IFPRI's flagship report reviews the major food policy issues, developments, and decisions of 2017, and highlights challenges and opportunities for 2018 at the global and regional levels. This year's report looks at the impacts of greater global integration—including the movement of goods, investment, people, and knowledge—and the threat of current antiglobalization pressures. Drawing on recent research, IFPRI researchers and other distinguished food policy experts consider a range of timely topics:
■ How can the global food system deliver food security for all in the face of the radical changes taking place today?
■ What is the role of trade in improving food security, nutrition, and sustainability?
■ How can international investment best contribute to local food security and better food systems in developing countries?
■ Do voluntary and involuntary migration increase or decrease food security in source countries and host countries?
■ What opportunities does greater data availability open up for improving agriculture and food security?
■ How does reform of developed-country farm support policies affect global food security?
■ How can global governance structures better address problems of food security and nutrition?
■ What major trends and events affected food security and nutrition across the globe in 2017?
The 2018 Global Food Policy Report also presents data tables and visualizations for several key food policy indicators, including country-level data on hunger, agricultural spending and research investment, and projections for future agricultural production and consumption. In addition to illustrative figures, tables, and a timeline of food policy events in 2017, the report includes the results of a global opinion poll on globalization and the current state of food policy.
Paul Dorosh, Bart Minten, Alemayehu Seyoum Taffesse
BOOK LAUNCH
Virtual Event - Ethiopia’s agri-food system: Past trends, present challenges, and future scenarios
SEP 22, 2020 - 08:30 AM TO 10:00 AM EDT
Packaged food in Vietnam continued to develop in 2010 due to a continuous economic recovery, the signs of which included higher Gross Domestic Product (GDP) growth. Consumers’ spending confidence returned, which, combined with growing personal incomes and rapid urbanization, drove up the sales value of necessities such as sauces, noodles and condiments as well as indulgence and premium segments such as confectionery, ice cream, and sweet savoury snacks. In addition, the increasing prevalence of modern lifestyles and Western-influenced culture created huge potential for non-traditional food such as cheese, pasta and ready meals.
Emerging Paradigm for India's Manufacturing Sector Sudeeksha Gupta
A presentation based on our research paper " Emerging Paradigm for India's Manufacturing Sector". It assesses the general potential impact of the shock on various segments of the economy with specific details of impact on the manufacturing sector, the factors stimulating it and analyse the policies that have been announced so far by the central government to ameliorate the economic shock and put forward a set of key recommendations for businesses and Indian economy.
Fadama Crop Farming Enterprise and Poverty Alleviation in Kogi State, NigeriaAI Publications
Poverty is an affront to the existence of mankind, which must be fought from all angles. This study examines the impact of Fadama crop farming enterprise on poverty alleviation in Kogi State. Questionnaires were administered to 180 households, 90 each to Fadama crop farming and Non-Fadama farming households in the area. Data was analyzed using the relative poverty index and the logit regression model. The relative poverty index using the so-called P.alpha shows that the non-Fadama farming households had higher values of the various dimensions of the incidence of poverty, P0, P1, and P2, than the Fadama crop farming households while the logit regression analysis with the aid of the SPSS packages revealed that five of the nine variables, namely; farm size, household size, annual income, total expenditure and age of the household heads, were statistically significant at 5% level. The study has identified Fadama crop farming enterprise as a means of economic development and poverty alleviation and therefore recommends the development and proper management of the vast Fadama resources and potential in Kogi State and Nigeria at large, the enhancement of the income base of the Fadama crop farmers through governments’ deliberate policies/programmes, the provision/subsidization of Fadama farming inputs as well as education/public enlightenment of the Fadama crop farmers. Finally, suggestions for further studies on the impact of Fadama farming generally on poverty alleviation and the role of other enterprises such as the small scale industries/businesses on poverty alleviation in the study area were proffered.
Macroeconomic Variables and Manufacturing Sector Output in Nigeriaijtsrd
Management of macroencomic variables has been noted as instrumental to a well performing manufacturing sector. This study thus examined the effect of macroencomic variables on the manufacturing sector in Nigeria within a liberalised economic era of 1986 to 2018. The Autoregressive Distributive Lag model was employed for data analysis. The results revealed that macroeconomic variables has 93 significant short run policy effect but no significant long run effects on manufacturing sector output in Nigeria. The endogenous dynamics of manufacturing sector previous year outputs exerted a significance influence on the macroeconomic variables long run relationship effect on current year. The explanatory variables suggested that money supply M2 , interest rate INTR and credit to private sector CPS exerted positive effects on manufacturing sector output at short term trends. The study thus posits that macroeconomic variables have varying levels of effects on the manufacturing sectors of Nigerian economy. The monetary authority should employ the monetary policy stance in a pattern that increases money supply in order to boost investment in manufacturing sector which would eventual bring about improved output to Nigeria. Dr. Loretta Anayo Ozuah "Macroeconomic Variables and Manufacturing Sector Output in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2 , February 2021, URL: https://www.ijtsrd.com/papers/ijtsrd38420.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/38420/macroeconomic-variables-and-manufacturing-sector-output-in-nigeria/dr-loretta-anayo-ozuah
Analysis of Households income Generation in Fadama IIIBeneficiary Communities...iosrjce
IOSR Journal of Agriculture and Veterinary Science (IOSR-JAVS) is a double blind peer reviewed International Journal edited by the International Organization of Scientific Research (IOSR). The journal provides a common forum where all aspects of Agricultural and Veterinary Sciences are presented. The journal invites original papers, review articles, technical reports and short communications containing new insight into any aspect Agricultural and Veterinary Sciences that are not published or not being considered for publication elsewhere.
India is the fourth largest global producer of agrochemicals after the US, Japan and China. This segment generated a value of USD 4.4 billion in FY15 and is expected to grow at 7.5% per annum to reach USD 6.3 billion by FY20. Approximately 50% of the demand comes from domestic consumers and the rest from exports. During the same period, the domestic demand is expected to grow at 6.5% per annum and exports at 9% per annum.
Forget everything you think you know about food. While it is popular nowadays to demonize modern agriculture and promote a vision for farming and food production that revolves around small farms and artisanal methods, companies such as Monsanto are using modern technology to improve agriculture in ways that provide benefits to farmers, consumers and society as a whole. Contrary to popular myths, this is not (all) about biotechnology!
Global Wheat Market will reach US$ 502.88 Billion in 2030, according to Renub Research. Wheat is a widely grown grass that produces a cereal grain, serving as a staple food worldwide. The Triticum genus encompasses multiple wheat types, with common wheat (T. aestivum) being the most prevalent. The classification of the wheat kernel is as a caryopsis, a fruit. It occupies the largest farmland area compared to other crops and dominates world trade.
DuPont Advisory Committee on Agricultural Innovation and Productivity published The Role of Technology in Agriculture in 2013. The report focuses on meeting global food demand through science-based innovation that reaches farmers around the world.
With a new decade just around the corner, the future has never been brighter for the agriculture industry.. The integration of the agricultural supply chain is adding value to the entire sector, and rapid development in emerging markets such as those of Latin America has had a tremendous impact on production. Demand for agricultural goods continues to rise, especially in Asian markets, and changing dynamics in developed markets like the US and the EU are reshaping the face of the industry. As we enter the 2020's, there has never been a better time to pursue opportunities in the agricultural sector.
Nonetheless, the industry also faces unprecedented challenges. The global population is rising like never before, and urbanization is rapidly changing the world's demographic landscapes, especially in emerging markets, all while the total area of farmland is diminishing. These factors have put tremendous pressure on agricultural sector to lead the effort to advance global food security through new technology, optimized farm practices, and strategic investment.
In Farmfolio's Ag Investor Guide, you will learn about the trends that are shaping the future of the industry, along with the regions, commodities, and technologies that are drawing the attention of investors. The guide offers a wealth of information about the agricultural sector that will leave investors well-equipped to enter the new decade.
Shenggan Fan, Director General of the International Food Policy Research Institute (IFPRI) outlines five strategic measures that will help prevent a rapid surge in agricultural commodity prices. [1 page]
By 2050 the world’s population will reach 9.1 billion, 34 percent higher than today. Nearly all of this population increase will occur in developing countries. Urbanization will continue at an accelerated pace, and about 70 percent of the world’s population will be urban (compared to 49 percent today). Income levels will be many multiples of what they are now. In order to feed this larger, more urban and richer population, food production (net of food used for biofuels) must increase by 70 percent.
Annual cereal production will need to rise to about 3 billion tonnes from 2.1 billion today and annual meat production will need to rise by over 200 million tonnes to reach 470 million tonnes. This report argues that the required increase in food production can be achieved if the necessary investment is undertaken and policies conducive to agricultural production are put in place.
But increasing production is not sufficient to achieve food security. It must be complemented by policies to enhance access by fighting poverty, especially in rural areas, as well as effective safety net programmes. Total average annual net investment in developing country agriculture required to deliver the necessary production increases would amount to USD 83 billion. The global gap in what is required vis-à-vis current investment levels can be illustrated by comparing the required annual gross investment of US$209 billion (which includes the cost of renewing depreciating investments) with the result of a separate study that estimated that developing countries on average invested USD 142 billion (USD of 2009) annually in agriculture over the past decade.
The required increase is thus about 50 percent. These figures are totals for public and private investment, i.e. investments by farmers. Achieving them will require a major reallocation in developing country budgets as well as in donor programmes. It will also require policies that support farmers in developing countries and encourage them and other private participants in agriculture to increase their investment. In developing countries, 80 percent of the necessary production increases would come from increases in yields and cropping intensity and only 20 percent from expansion of arable land.
But the fact is that globally the rate of growth in yields of the major cereal crops has been steadily declining, it dropped from 3.2 percent per year in 1960 to 1.5 percent in 2000. The challenge for technology is to reverse this decline, since a continuous linear increase in yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. Although investment in agricultural R&D continues to be one of the most productive investments, with rates of return between 30 and 75 percent, it has been neglected in most low income countries.
The Indian crop protection industry is estimated to be ~ INR 27,000 Cr (~ USD 4.25 Billion) in FY'14 and is expected to grow at a CAGR of 12% to reach ~ INR 47,000 Cr (~ USD 7.5 Billion) by FY '19. Out of this, the domestic market is ~ INR 14,000 Cr. (~ USD 2.25 Billion) in FY '14.
Insecticides are largest sub-segment of agrochemicals with 60% market share whereas herbicides with 16% market share are the fastest growing segment in India. Going ahead, opportunities for Indian crop protection industry will come in the form of exports, growth in generic products, product portfolio expansion, and growth in herbicides and fungicides. However, the Industry faces a number of challenges. Some of the key challenges are stringent environment regulations across the world, low focus on R&D due to high costs, long gestation period for new products and rising sale of non-genuine products. Non-genuine products are not only a challenge to agrochemical industry but also to the overall Indian economy, resulting in loss of revenues for farmers, agrochemical companies and Government.
Thus to harness the potential of agrochemicals by cultivating outlined opportunities, a collaborative and comprehensive approach from the various stakeholders- the Industry, the Government and the regulatory bodies is essential. This concerted and collaborative approach can help overcome the demand-supply constraints and provide the much needed thrust to a Second Green Revolution that can lead to a surplus and self-sufficient agricultural sector in the country.
Future Watch summary: Future growth opportunities in global biobanks marketTeam Finland Future Watch
This Future Watch report compares the current status of forerunning biobanks in Finland, Denmark, Sweden, UK and USA, analyze the needs and views of key biobank customer segments as well as offer key recommendations for Finnish biobank to gain a larger footprint in the biobank market.
ASEAN is increasingly becoming a vital economic force in Asia and a driver of global growth with a young, abundant workforce. Simultaneously, the region is witnessing significant productivity improvement in sectors such as manufacturing, retail, telecommunications and transportation.
The presentation is a summary presentation from a study Situational Awareness Solutions which collects together use cases for situational awareness capabilities and prioritizes these in context of user perception and readiness, availability and accessibility of technology, ease and likelihood of adoption, as well as regulations and competing substitutes. Finally it analyzes the relevance of assessed use cases to United States, Germany and Japan. The application areas discussed cover, amongst other, ecology and environment, disaster management, logistics and transport as well as critical infrastructure management.
Recent technology developments in the information technology space have opened new horizons for the maritime industry. "Digital ports" refers to application of digital technologies of digital technologies such as machine learning, data analytics, visualization, cloud and advanced wireless communications technology to the Port Ecosystem that are driving innovations and enabling business efficiency.
A recent Future Watch study on consumer trends in South Korea explores and analyzes key consumer trends that are shaping South Korean society and how these trends are likely to evolve over the next three to five years. The study is echoing future consumer trends not only in Asia but also in Europe. It is now clear that mobile and online shopping will become the main retail channel, and technologies like virtual reality (VR), augmented reality (AR), artificial intelligence (AI) and big data are changing the retail landscape.
Healthcare as an industry is transforming. The concept of wellbeing is increasing in importance. Living environments are evolving, including smart homes, assisted living and robotics. Technologies and innovations are having major impacts to individual’s life. Individuals are taking more control and recognizing also their responsibility.
Business Finland and Future Watch commissioned a study on the landscape of developments that will impact the delivery of Health & Wellbeing, to better understand the anticipated transformations, impacts and opportunities to support its strategy for ensuring Finland is well positioned to take advantage of such trends and to help drive better decision making for all stakeholders in Finland. Results of the study are published and discussed with stakeholders and companies in Business Finland’s Smart Life Finland program webinars.
The Hong Kong government supports smart city operations and smart lamp post related actions. Smart lamp posts together with 5G can encompass various industries and thus can offer opportunities also for Finnish companies. Hong Kong aims to become a “world class smart city”. In ”Hong Kong Smart City Blueprint” smart lamp posts are mentioned as one action point and 50 smart lamp posts should be in use by the summer of 2019. The figure is set to rise to 400, and during 2019, a tender will likely be opened for the remaining 350 smart lamp posts. Smart lamp posts can serve several different functions and these are currently experimented in Science Park and the Smart City Pilot Area.
Japan is the second-largest retail market globally. For decades Japanese consumer’s preferences and cultural trends have been influential trend setting phenomenona. To understand how global consumer trends are transforming, it is important to look Japanese consumers behavior and attitudes towards consuming. Today we see behavior shifting. The change of Japanese consumers is not only about what people in Tokyo buy, but also how and what they think when they make decisions for purchases.
Future Watch report and analysis of consumer trends and lifestyles in Japan was done in collaboration with Euromonitor International’s Tokyo office researchers.
A new policy on energy transition was commenced in Taiwan to phase out nuclear power and to introduce substantial power generation capacity from renewable sources by 2025. This transition of energy source and structure represents not only great challenges for Taiwan but also immense business opportunities for industrial developed countries.
A recent Future Watch study identifies and describes future consumer trends in Mainland China and Hong Kong over the next 2-10 years. These trends are likely to impact the products and services these consumers buy and the marketing they respond to. It aims to identify significant trends that are specific to China’s unique market.
Central to the forecasting is identifying 12 consumer roles that represent key China trends. Each role has an accompanying case study which explains how brands are starting /planning to tap into these nascent trends.
Both India's Space and Cyber Defence areas contain gaps to keep up with global development. India’s space defence program is guided by policies to counter the capabilities of China and Pakistan. While India has made long strides with cost effective mission to Mars and a successfully launching record number of satellites, there are several gaps in its space defence. While in the space communication arena, at present, India has extremely limited space-based COMINT (Communications Intelligence) capabilities. Cyber security of satellite communications is another arena for potential collaboration between countries. Also, to achieve complete control of satellite communications & intelligence C4ISR, India needs to have a constellation of satellites in the space with extreme communication technology at disposal. In the Space Situational Awareness area India needs radar-independent tracking methods such as lasers, coherent infrared sensors and space systems with a sole purpose of tracking the functional capabilities of suspected/rogue satellites with military connect.
In cyber-security area, according to Gartner, cyber-security in India is growing to be a $1.5 bn market by 2019 & forecasted to grow over 19% during 2018-2023. Average spend on cyber security is currently at ~3% compared to a global average of 10-15% of the IT budget. India would need a trained pool of million professionals in cyber-security by 2025.
India is expected to be one of the key markets where future growth will emerge. The growth will be primarily driven by a favourable population composition and increasing disposable incomes. India is expected to reach USD 2374 GDP per capita by 2023. Consumer spending will increase in food, housing, transport and communication as well as consumer durables. Some interesting future sectors will benefit, such as sports and electric vehicles. The attached material takes a look also in such consumer related trends as cashless payments, data privacy and AI and technology in consumer businesses.
At Taste Of Middle East, we believe that food is not just about satisfying hunger, it's about experiencing different cultures and traditions. Our restaurant concept is based on selecting famous dishes from Iran, Turkey, Afghanistan, and other Arabic countries to give our customers an authentic taste of the Middle East
Roti Bank Hyderabad: A Beacon of Hope and NourishmentRoti Bank
One of the top cities of India, Hyderabad is the capital of Telangana and home to some of the biggest companies. But the other aspect of the city is a huge chunk of population that is even deprived of the food and shelter. There are many people in Hyderabad that are not having access to
Ang Chong Yi Navigating Singaporean Flavors: A Journey from Cultural Heritage...Ang Chong Yi
In the heart of Singapore, where tradition meets modernity, He embarks on a culinary adventure that transcends borders. His mission? Ang Chong Yi Exploring the Cultural Heritage and Identity in Singaporean Cuisine. To explore the rich tapestry of flavours that define Singaporean cuisine while embracing innovative plant-based approaches. Join us as we follow his footsteps through bustling markets, hidden hawker stalls, and vibrant street corners.
2. Team Finland Future Watch Report2
Lack of cultivable land in Asia
Every year, around three million hectares of agricultural land is lost
globally. The more land we lose, the more difficult it becomes to
produce the amount of food needed to feed the growing
population. China has to feed almost a quarter of the world's
populations but it only has 7% of the world’s total arable land.
Huge amounts of land are lost each year to new highways,
housing, and other construction for urban needs.
The world population is expected to reach 9.7 billion by the year
2050 in which 90% is going to be in Asia or Africa. In the same year,
the world needs to provide 60% more food than we currently
produce.
In China, the farmable land is not expected to increase, so it must
be able to produce a larger amount of food with the same
resources. China’s answer? Technology.
3. Arable and cultivated land in China- Future
challenges
Team Finland Future Watch Report3
4. Team Finland Future Watch Report4
Arable and cultivated land in China - future challenges
In 2019, OECD and FAO estimated in their agricultural outlook 2019-
2028 that because productivity will outdo the demand, food prices
will decline. This would happen because farmers are expected to
produce more food with fewer resources. This is good news for the
poorest of people but the challenge means tough times for the
producers and farmers. If the food prices remain low, farmers gain
less profit which again creates pressure of using cultivable land for
something more profitable.
Open trade is also very important to secure global food production.
Developing countries will not be able to produce enough food
sustainably. Trade wars can affect food prices and productivity. If
setting tariffs and the protectionism expand, the food production
suffers from inefficiency. This is caused by the fact that those
countries that would be able to produce some products more
effectively than others are not able to sell them. The same works the
other way around as not all countries can buy the products that they
need at a reasonable price.
Reference: OECD & FAO, 2019
5. Team Finland Future Watch Report5
Arable and cultivated land in China- Future challenges
In 2017, the amount of arable land in China was 134.86 million
hectares. A year earlier it was almost 60.900 million hectares larger.
The measurement was done by China’s Ministry of Natural
Resources. Not only does China have only 7% of the world's arable
land, it has to feed 25% of the world’s total population. Thus, China
has to rely heavily on imports. The problem for China is also that
many of the farms are too small and fragmented for efficient food
production.
Because of urbanization, the land used for the construction increased
534.400 hectares between 2016-2017. Competition for land is fierce
because the construction business is more profitable than
agriculture. Using land for construction is not the only issue that is
decreasing the amount of cultivable land. Contamination is a real
problem. FAO and OECD have estimated that 19.4% of China’s arable
land is contaminated.
Demand for agricultural products in China is expected to double by
2050 from 2009 baseline. Thus, China will have to produce more
food with the same amount of recourses than it has today.
Chinese people’s diet is changing towards that of Americans. This
would mean also rising meat consumption. However, China’s
government is trying to promote the benefits of a vegetable diet.
Reference: OECD & FAO, 2019
7. Team Finland Future Watch Report7
To be able to achieve needed productivity in agriculture, new technologies and vertical farming
might be one solution to solve China’s land problems.
In traditional agriculture,
trees are often cut down
for farmland and fields are
some times abandoned. In
traditional farms, insects
can cause damage. People
have to use pesticides.
Benefits of vertical farming
include that you can avoid
pests and plants are
protected from natural
disasters.
Gordon Tam Chi-Ho,
Co-founder, Farm 66
China’s solution - The technology
8. Team Finland Future Watch Report8
Today, China already uses technology in farming. For
instance, drones that spread pesticides to the fields and
driverless tractors are among the solutions. The dilemma
with using these technologies on a large scale are the
expenses. At the moment, most Chinese fields are too small
for these invests to be profitable.
As a result of the lack of arable land, vertical farming might
be a solution to China's growing problem of producing more
food by using the same or less amount of resources. Japan
and Korea, where the possibility of creating more cultivated
land is also limited, have been leading countries in trying to
utilize this new way of farming. In China, few vertical farms,
like Farm 66 in Hong Kong, have been established.
Vertical farms are usually located in large warehouses. They
grow plants, like salads, by using artificial lights and the
latest technology. The benefits of vertical farming according
to the firms are efficiency, less pollution, less space required,
sustainability, quality and quantity guaranteed and lower
energy requirements. In the future, vertical farms might be
fully automatic due to AI and robotic technologies. These
farms produce and gather also a large amounts of data that
can then be analysed to gain a better harvest.
China’s solution - Technology
9. Team Finland Future Watch Report9
China is the leader of importing soybeans and canola. The main
source of import has been from the United States. The trade war
has changed the situation and could turn China importing these
products from somewhere else or develop farming in China.
Using GMOs as a solution has not yet been exploited in China but
GMS production is heavily regulated. For example, planting GMO
crops is forbidden. Also, GMO food has to have a safety pass,
manufacture permit and the products must be labeled in a way that
consumers will know if they are GMO based. Public perceptions of
GMO based products are also negative, even though the state has
tried to campaign for GMOs. For this reason, alternatives must be
sought elsewhere, although GMOs are seen in the future as one of
the ways to grow food in China.
China has also invested in research to grow plants faster. Help has
been sought, among other things, in the "electro culture" way of
cultivating. The combination of electrified farmland and artificial
lights has been successful. Plants grow faster and do not get sick.
Electrified soil also kills pests, which eliminates the need for
repellents.
China’s solution - Technology
11. Team Finland Future Watch Report11
Overall, because of the lack of cultivable land and growing number of people,
the food sector will need R&D and innovations. Since the amount of cultivable
land and the food price are not expected to rise, producers need to increase
their productivity with the same amount of resources.
As mentioned, technological development is China’s key solution to tackle the
issue. Technology is believed to reduce costs and improve productivity. This
will mean that AI, robotics (robot tractors, drones) and big data are expected
to change agriculture. In some cases, these tools are already a reality. While
these new technologies might prove to be the key solutions, China needs also
to prevent soil contamination and create larger areas for farming. Cleaning
contaminated soil is certainly an area where existing and new technologies
can bring some relief for lack of arable land.
GMO based products might also prove to be one option. Currently, the
regulations of GMO based food products are strict in China.
Chinese consumers are more aware of food quality and production processes.
Producers are increasingly using tracing technologies to ensure consumer
trust with their products. While meat consumption is increasing among
Chinese people, the government is promoting healthier diets which include
eating more vegetables and decreasing meat consumption.
Trade war creates uncertainty for agriculture and will affect negatively on
efficiency and production all over the world. Thus, some products need to be
produced in undesirable areas with the help of technology and new
innovations.
Future considerations
12. Team Finland Future Watch Report12
New market opportunities all over the world will appear in food
and agriculture businesses, and not least in China. In 2019, UBS
investors calculated that the food production business will create
over 700 billion USD market until the end of the year 2030. The
market forecast is showcased on the right. New business
opportunities may emerge in the following areas:
1. Creation of new cultivable land.
2. Cleantech services to purify soil and preventing further
contamination.
3. Food production styles such as vertical farming type
production.
4. Innovations and technologies in agriculture (AI, robotics,
drones).
5. New types of meat substitutes.
6. Creating stronger crops and seeds.
Reference: UBS, 2019
Future considerations
13. Team Finland Future Watch Report13
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