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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.
The agricultural sector in Malaysia including forestry and fisheries contributed 8.5% to the country’s GDP in 2015. The farming population in 2015 was 1.75 million people, or 12.05% of the labour force. Industrial commodities like rubber, palm ...
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Agriculture traditionally plays an important role in Turkey’s economy generating slightly over 6% of the country’s gross domestic product (GDP) and providing employment for nearly a quarter of the total workforce. Agriculture is the ...
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Russia is a major agricultural producer with strong positions in the crops segment. It is the third largest wheat producer in the world and the largest barley and oats producer. The agricultural sector accounted for 4% of GDP in 2015 and its growth ...
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The Philippines is an agrarian country, with half of its population living in the rural areas and being engaged in farming. Agriculture and forestry contributed some 8.8% to the national GDP on its own, and some 10.3% if fisheries are included, ...
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India's agricultural sector is of crucial importance to the domestic economy, supplying resources for the food, textile and energy industries. As of FY2016, the sector accounted for 15% of the country's value added, providing employment to almost 60% ...
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The agricultural and fishing sector in South Korea contributed 1.97% to the country’s GDP in 2015. The farming population in Korea in 2015 was 2.6 million people, or 5.1% of the total population. The cultivation subsector provided 70% of the ...
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China is the world's largest agricultural economy, consuming and supplying more than half of the world's pork, and supplying one-third of its horticultural products, rice, and cotton and close to 20% of the world's wheat, maize, and poultry. The ...
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Agriculture is one of the backbone sectors of the Romanian economy. It accounts for 5.3% of GDP, but its share in employment is 29.3%. Agriculture is the largest sector in Romania in terms of employment. The monthly gross wages in the sector were ...
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The Hungarian agricultural sector is relatively small, accounting in 2015 for only 1.9% of the agricultural output of the European Union. The country was the sixth largest producer of industrial crops in the EU that year. The sector contributed ...
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