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Agribusiness
Agriculture is one of the fundamental economic sectors, with an essential role in securing raw materials and basic food for sustaining human life and the operations of manufacturing industries. Apart from being at the base of the global food chain, the sector is of vital importance for economic and social development in a large number of developing countries. Against a background of rapidly growing world population, rising incomes in emerging markets and changing consumption patterns, agriculture’s main tasks are to increase productivity and to ensure steady food supply in a sustainable way that takes into account social, economic and environmental considerations.
Agriculture involves the cultivation of the soil and the harvesting of a variety of crops, fruits, nuts, vegetables and flowers. It also includes the growing and harvesting of forest products, the hunting of animals, livestock breeding, production of livestock products such as milk and eggs, fishing and aquaculture, and related support activities.
Vietnam occupies leading positions in the global production of several agricultural commodities, ranking among the world’s top ten producers of rice, pork, oranges, cashew nuts and fish. The agribusiness sector plays an important role in ...
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In 2020, Colombia’s agriculture, livestock, forestry, hunting and fisheries sector increased its share in overall GDP to 7.6%, from 6.4% in 2019. Between 2015 and 2020, the sector’s GVA rose at a CAGR of 3.2% in real terms. ...
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