Establish relationships with Indian and Thailand Mills > 100K MT/Month capacity
Africa consumes 15M MT/year of rice (3 of the top 5 worldwide consumers)
According to a UN FAO report, the world population is expected to rise to10 billion by 2050 boosting agricultural demand by 50 percent compared to 2013. Africa and India population are projected to double during the same period.
Africa’s agriculture sector is projected to reach $1T USD by 2030. Rising urbanization and the growth of urban middle-class consumers in Africa could lead to $645 billion in growth, of which
Quick Facts!, $167 billion could be in food and
$9.5B worldwide industry growth $14.5B
Africa 80% of raw cashew nuts
Nigeria 6th largest supplier in world
Vietnam and India produce 70% cashew kernels
Nigeria processes >10% raw cashews nuts
Western encouraging consumptions of nuts beverages; a majority of that would come from sub-Saharan African countries.
Currently, sub-Saharan Africa imports $15 billion in food crops (grains, edible oils, and sugar), primarily from regions in Asia and South America and has demonstrated a competitive advantage in select cash crops, such as cashews, coffee and cocoa.
Agricultural development is key to reducing poverty, however, Sub-Sahara per capita production remains stagnant. The agri-food value-chain is frequent with inefficient informal processes that are ripe for optimization. Roughly 1.3 billion metric tons of all food produced gets lost or wasted, while 795 million people go hungry. To meeting the future food supply needs, enhanced agri-business value-chain solutions with well defined sustainable models are required.
Strengthening the farm-to-shelf value-chain through the creation of a formal, digital end-to-end supply relationships will improve planning, enable price optimization while enhancing resources management and enhancing food security.