Although the Corona Virus pandemic is prevalent, the World Bank food price index is expected to remain stable in 2020.
According to the latest data from the US Department of Agriculture in May 2020, global production of the three kinds of cereal wheat, corn, and rice, is expected to increase by 3.6% this season.
But what poses a danger to the markets, is the interruptions in supply chains as a result of the Covid-19 pandemic as restrictions on travel have affected many commodity markets, especially for fresh fruits and vegetables.
Therefore, most of the major institutions and companies have taken advantage of digital solutions, adapting modern technology to communicate and work according to the report issued by the global management consulting firm "Oliver Wyman" in cooperation with the "Morgan Stanley" for financial and consulting services, as these technologies and remote work platforms contribute to improving business efficiency companies reduce their costs and increase their productivity.
In the context of the countries’ efforts in the current period of time to support their national economy through agriculture, companies resort to trading food materials via the internet to solve the problem of importing and exporting food products in the current circumstances through many specialized virtual platforms that rely on establishing exhibitions of food products and concluding commercial deals by bringing together the exporter and importer, some of which offer suspended container service for the handling of cargo in transit problems such as WFoodExpo.com platform.
Finding the appropriate virtual platform for the world of agriculture, food products, and agricultural machinery is the first step for a successful investment in the agricultural sector and ensuring profitable trade that brings exporters and importers closer together which makes WFoodExpo.com the most important international example in this field. WFoodExpo.com (World Food Exhibition) has experience for more than 30 years in the world of trades, as well as a wide knowledge about everything related to food & beverage and agricultural products.
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