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Posts tagged to Agriculture

Ginkgo Bioworks: Quest to disrupt the biotech space

MarketLine

Ginkgo Bioworks, a Boston-based DNA writer and designer company, launched in 2008, is already one of the largest DNA writers in the world. It is expected to make over $20m in revenue in 2017. Ginkgo’s success is based on an innovative technology that uses yeast as a base to make all kinds of substances, including perfumes, cosmetics and sweeteners, from microbugs. This technology can be used across a whole host of consumer and industrial products, enabling customers to grow rather than manufacture better products. The company is currently working on… Read more

Baltic nations agriculture and transportation sectors suffer due to Russian sanctions

MarketLine

Western sanctions on Russia due to the events that unfolded in Crimea in 2014 resulted in Russia only days later reciprocating and introducing its own sanctions on the EU and the US. Whilst the EU sanctions have focused on oil companies and Russian banks, Russian sanctions on the EU have focused on the agricultural sector. This has been bad news for players in the agricultural and transportation sectors in the Baltic nations. Russia has historically been a key export market for Baltic exporters and the two have a long history… Read more

Russian agriculture: Sanctions to create an agricultural superpower?

MarketLine

Following the Western penalties imposed on Russian companies in 2014, the Russian government responded with countersanctions, banning imports of many western food products. This encouraged import substitution and made Russian exports more competitive, thus showing that despite the poor state of east-west relations, there are plenty opportunities to be found in the Russian market. The Russian government, with an already set goal to diversify its economy which is heavily dependent on energy exports, has provided RUB215bn ($3.2bn) for the development of the agricultural sector, resulting in sudden and significant growth…. Read more

Agriculture takes center stage again in PRCs 2015 policy portfolio

MarketLine

China once again placed agricultural reform at the top of its policy agenda in its latest No.1 Central Document, released in February. The No.1 Document is released annually and outlines key policy priorities for the year ahead. For the twelfth year running, agricultural reform has taken center stage. The reason for this is simple: as one official puts it, “China has to feed about one fifth of world’s population from less than 10 percent of the arable land.” There are two key issues facing Chinese agriculture. The first is productivity…. Read more

Industry Analysis – Food Retail

MarketLine

Introduction Despite the financial differentiation of wealth in the continents the food retail industry is almost equally spread between Americas, Europe and Asia-Pacific. This is due to food production surpluses in North America, Australia and Western Europe that the global food market is close to equilibrium. The global food retail industry grew by with compound annual growth rate (CAGR) of 4.8% over last five years, to reach a value in excess of $5.5tn. The greater amount of food is being sold by Supermarkets and Hypermarkets, with the distribution share of… Read more

The global Agricultural Machinery market reached a value of $61.7 billion in 2011

  Despite continuing financial and economic uncertainty impacting the global economy, agricultural machinery achieved recovery in 2011, with both developed and developing nations posting a strong recovery. Volumes of sales continued to increase, and levels have already fully recovered from the 2009 decline. Industry Figures The global market expanded by 11.9% in 2011, to reach a value of $61.7 billion, indicating a compound annual growth rate (CAGR) of 3.9% in the period 2007-2011. Growth in this period was primarily driven by Asia-Pacific and Europe, who achieved the largest CAGRs in… Read more