April 24, 2012

Asian countries to provide market opportunities for Canada's agricultural commodities

Huge opportunities for major agricultural producers like Canada to sell their agricultural commodities are likely to be provided by Asian countries especially India, China and Japan.

The growing food demand from the Asian nations is likely to boost imports of agricultural products from Canada and other countries. Presently, the production of agricultural products in India and other Asian nations are sufficient and only small amount of products are presently imported. But the scenario is likely to change in future as the population is rising at a faster rate in India and China raising the demand for food amid insufficient farm lands for domestic production.

Canada is presently in talks with Vietnam, Japan, Malaysia among others. The country is also one of the world's largest suppliers of agricultural products particularly of wheat and other grains and it is a major exporter of agricultural products to the US and Asia.