Driven by economic reform and robust domestic consumption, the Philippines now ranks among the fastest-growing economies in the world, after seven consecutive years of GDP growth above 6%. Despite this, however, the agriculture sector has struggled to reach its true potential. While the country is well positioned to tap into new export markets...
In February 2019 President Rodrigo Duterte ratified the Rice Tariffication Law, which was passed by the legislature in November 2018. The new law, which went into effect on March 5, lifts quantitative restrictions on rice imports and eliminates the role of the National Food Authority (NFA) regarding imports, thus allowing licensed private...
Global food demand is expected to increase by anywhere between 59% to 98% by 2050. However, global freshwater resources are already overstretched due to climate change and soaring population growth, and it is unclear how agricultural production will keep up with these challenges. In recent years climate-induced water shortages in urban areas...
With vast natural resources, a diverse climate and varied topography, agri-business opportunities abound as Colombia’s role as a global food supplier continues to grow. According to the UN Food and Agriculture Organisation (FAO), Colombia receives the most rainfall of any Latin American country and ranks 10th globally for precipitation. Its...
In 2017 Colombia, Argentina, Australia, Mexico and Germany joined Chile, Jamaica and Italy in legalising cannabis for medicinal purposes. As one of the world’s newest and fastest-growing industries, the legal medical marijuana market could to reach $146bn by 2025, according to a report by business consulting firm Grand View Research. Colombia...
Against a backdrop of increasingly severe and financially straining climate events and natural disasters, technology is poised to play an important role in maintaining and improving global agricultural output. The adoption of digital and precision farming practices has been shown to improve crop resiliency, and boost productivity and incomes,...
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