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Later on, as demand for certain agricultural products fell due to lockdowns and closure of restaurants, farmers reported a glut in supply, such as potatoes in the Netherlands and milk in the U.S. state of Wisconsin. [11] [12] Online grocery shopping grew substantially during the pandemic. [13]
In India up to 53% of businesses have specified a certain amount of impact of shutdowns caused due to coronavirus on operations, as per a FICCI survey in March. [9] By 24 April the unemployment rate had increased nearly 19% within a month, reaching 26% unemployment across India, according to the 'Centre for Monitoring Indian Economy'. [ 2 ]
The following list, derived from the statistics of the United Nations' Food and Agriculture Organization (FAO), lists the most valuable agricultural products produced by the countries of the world. [1] The data in this article, unless otherwise noted, was reported for 2016.
The farmer unions believe that the laws will open the sale and marketing of agricultural products outside the notified Agricultural Produce Market Committee (APMC) mandis for farmers. Further, the laws will allow inter-state trade and encourage hike electronic trading of agricultural produce. The new laws prevent the state governments from ...
The total agriculture commodities export was US$3.50 billion in March - June 2020. India exported $38 billion worth of agricultural products in 2013, making it the seventh-largest agricultural exporter worldwide and the sixth largest net exporter. [7] Most of its agriculture exports serve developing and least developed nations. [7]
Along with climate and corresponding types of vegetation, the economy of a nation also influences the level of agricultural production. Production of some products is highly concentrated in a few countries, China, the leading producer of wheat and ramie in 2013, produces 95% of the world's ramie fiber but only 17% of the world's wheat.
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Energy-intensive industries and renewables saw the strongest recovery post-pandemic, with sales increased by 76% and 72%, from 2020 to 2021. Other sectors in the EU also experienced significant turnover growth post-COVID-19. [62] In Europe, the hardest hit sector by the COVID-19 pandemic was electronics, due to semiconductor shortages.