Malachy Mitchell shares his views at agri-food trade and investment summit, Dubai, UAE

18 February 2019
video

Speaking at the conference, which was attended by delegates from the GCC, Africa and Asia, Malachy said ‘Africa’s potential was significantly untapped and the continent was not limited to feeding itself, but also has the capacity to contribute to the rest of the world, such is its abundance of natural resources for primary agriculture and agro-processing’.

The following is a brief summary of the thoughts shared by Malachy during the panel discussion, themed, ‘Golden Opportunities: Analyzing Middle East Food Industry Trends and Future Prospects’.

Role of Africa in the Middle East Agri Commodities Market – At present, Africa accounts for less than 5% of agri commodities trade into the Middle East, with meat accounting for almost 85% of this trade.

However, Africa has significant potential to contribute a greater share, due to its abundant unexploited agricultural resources. Sub-Saharan Africa (SSA) alone accounts for almost a half of the world’s uncultivated arable land; has a large, growing and underutilised agri-labour force and vast pools of untapped water resources.

On a different note, average age of Africa is around 18 years while in Europe it is over 42 years; indicating highly attractive ecosystem to promote economic growth. The continent requires considerable investment in infrastructure, reducing food waste post harvesting, technical training of women who make up bulk of the agri work force and adoption of new technology to make use of its untapped agri potential.

Consumer Trends and Implications on Agri Commodities – At a broader scale, consumers are increasingly becoming health conscious and preferring protein rich food. However, substantial number of consumers still depend on carbohydrate rich food like rice and wheat.

Global demand for carbohydrates are expected to increase by 70% by 2050. This will increase the need for soft commodities and stronger role of commodity traders in the future.

Malachy Mitchell shares his views at agri-food trade and investment summit, Dubai, UAE

18 February 2019

Speaking at the conference, which was attended by delegates from the GCC, Africa and Asia, Malachy said ‘Africa’s potential was significantly untapped and the continent was not limited to feeding itself, but also has the capacity to contribute to the rest of the world, such is its abundance of natural resources for primary agriculture and agro-processing’.

The following is a brief summary of the thoughts shared by Malachy during the panel discussion, themed, ‘Golden Opportunities: Analyzing Middle East Food Industry Trends and Future Prospects’.

Role of Africa in the Middle East Agri Commodities Market – At present, Africa accounts for less than 5% of agri commodities trade into the Middle East, with meat accounting for almost 85% of this trade.

However, Africa has significant potential to contribute a greater share, due to its abundant unexploited agricultural resources. Sub-Saharan Africa (SSA) alone accounts for almost a half of the world’s uncultivated arable land; has a large, growing and underutilised agri-labour force and vast pools of untapped water resources.

On a different note, average age of Africa is around 18 years while in Europe it is over 42 years; indicating highly attractive ecosystem to promote economic growth. The continent requires considerable investment in infrastructure, reducing food waste post harvesting, technical training of women who make up bulk of the agri work force and adoption of new technology to make use of its untapped agri potential.

Consumer Trends and Implications on Agri Commodities – At a broader scale, consumers are increasingly becoming health conscious and preferring protein rich food. However, substantial number of consumers still depend on carbohydrate rich food like rice and wheat.

Global demand for carbohydrates are expected to increase by 70% by 2050. This will increase the need for soft commodities and stronger role of commodity traders in the future.

Farrelly & Mitchell's featured publications

See All Posts

Food & beverage

Why neglect of sustainability can lead to reputational damage for agribusinesses

Our due diligence service aims at identifying risks, qualifying opportunities, validating and supporting the valuation process and identifying integration synergies.

Video

Food & beverage

Translating strategy to a frontline activity for food and agribusiness sector clients

Farrelly & Mitchell create sustained value by translating strategy to a frontline activity for food and agribusiness sector clients.

Video

Food & beverage

Building a clear picture for agrifood projects – feasibility & financial modelling

We help build a clear picture of the market to develop a platform for a solid business case through its agribusiness feasibility and financial modelling service.

Video
See All Posts

Join our latest webinar on climate change and food safety.

Get in touch with us or find an office closest to you.
Register now