To understand how agricultural commodity trade works, it is necessary to first define the term "agro-commodities."

Agricultural commodities, in general, are staple crops and animals produced or raised on farms or plantations. Most agricultural commodities, such as grains, livestock, and dairy, provide food to people and animals all over the world. Corn, soybeans, wheat, rice, cocoa, and other common agricultural commodities

Agricultural commodities are vital; virtually every living being on the planet is dependent on the agricultural industry in some way. Farmers produce grains, fruits, vegetables, and livestock, which we consume. Furthermore, farming employs over 1.3 billion people or nearly 20% of the global population. In some parts of the world, such as South Asia and Sub-Saharan Africa, farming employs more people than any other industry.

The agricultural industry has a massive global impact. According to the Food and Agricultural Organization of the United Nations, the agricultural industry is worth more than $3 trillion in constant 2010 dollars. With the world population expected to rise from 7.5 billion to 11.8 billion by 2100, agricultural commodities are expected to play an even larger role in the coming decades.

How does Agro-Commodity Trading work?

The commodity market functions similarly to any other market; it can be a physical or virtual location where commodity trading takes place. There are numerous commodity trading platforms around the world that specialize in operating with specific commodities in specific regions. TradeKaiju is among the most effective platforms for promoting easier, cheaper, and smarter cross-border trade with Africa and the GCC.

Understanding the market's key processes is critical for farmers' success. After all, many farmers use commodity exchange to sell their products or as a risk management tool to help them deal with price fluctuations.

How agro-commodity traders and agribusinesses can trade with Tradekaiju

Tradekaiju empowers agribusinesses, agro-commodity traders and small and medium-scale farmers to meet growing international demand for agro-commodities more efficiently.

Listing on Tradekaiju offers a range of benefits for both sellers and buyers. While buyers can access a range of products, real-time access to sellers and competitive pricing;, sellers can enjoy direct connectivity with buyers, free registration and product listing, global outreach for their products and many more other perks.

Sign up now.

Continue reading our articles to master your market knowledge and learn more about the agricultural market.

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