Unfortunately, due to the situation with the pandemic, the holding of the world summit was under threat, so it was unanimously decided to postpone the event for a year. Therefore, the conference will take place from 23.08.2022 to 25.08.2022 in Fort Lauderdale, USA. The place of the summit has already been determined — Seminole Hard Rock Hotel & Casino. The topic is agriculture and plant growing. The organizer is, as before, AgriBusiness Global. By becoming an international AgriBusiness Global event, it provides a platform for the long-awaited rebuilding of business.
Last year 150 exhibitors took part in the event, including a lot of foreign companies from China, India, USA, EU and Southeast Asia were presented in the framework of national pavilions. The companies showcased their innovations and latest technologies in the fields of agriculture, fertilization, pesticides, seeds and irrigation to visitors. The AgriBusiness Global Trade Summit 2022 is an excellent international platform for the development and establishment of business ties among numerous countries. Many of them have already confirmed their participation in the event.
One of the priorities of this event, put at the forefront by the organizers, is to provide optimal opportunities for work and communication of participants. So, in addition to the foyer of the conference hall, the summit participants will be able to continue communication with potential partners in the rooms for negotiations with translators provided by the organizers.
The arch topic of the summit
After several years of decline because of pandemic, the global crop protection market grew and the outlook for 2022 is promising. The countries can see positive growth, which is quite promising and creates preconditions for moving forward. The seed market is largely driving the mergers and acquisitions taking place in the industry. A 2.5% -3% growth in the crop protection market is a realistic picture for the next five years.
However, there are certain points that affect the dynamics. For example, export duties and their impact on commodity prices. The situation will be resolved only when the trade war is resolved. So, the main reason of gathering all the companies from different countries — is to find a consensus and continue the trade turnover in the agricultural and plant growing markets. All sectors (herbicides, fungicides and insecticides) grew, except for plant growth regulators and fumigants. In Europe, the question arises of what will replace the banned neonicotinoids. e.g. pyrethroids.
The target audience of the summit usually includes a wide range of companies representing various segments of international trade in agricultural products, namely, traders operating in the grain and oil seed markets, grain processing companies, banks, inspection and transport companies, analytical agencies, industry associations, government agencies, etc. At the same time, the priority segment is the trading companies, which are both importers and exporters from the Southeast Asia, interested in establishing direct trade relations with direct buyers / sellers.
Why visit the event
Except for the main event, usually a mini-exhibition is organized in the foyer of the conference hall of the summit, where the stands of the companies are presented, so the participants could communicate with representatives of the exhibiting companies and obtain more extensive information about their activities and products.
The annual program of the summit consists of several sessions:
Food market of certain regions;
Agro-industrial cargo logistics;
Fertilizers and pesticides;
During the summit, guests can listen to reports from representatives of various companies on the market for a particular product. This not only provides general data on the structure of consumption of products by type, but also highlights the main points of imports, such as the current tariff and non-tariff restrictions, as well as the peculiarities of domestic demand.
In addition to the session part and the round table, the summit program usually includes cultural events for informal communication between the participants. The time of the summit always coincides with the so-called «off-season», i.e. the period when traders are summing up the outgoing season and are just beginning to outline the range of priorities for the next one. However, despite this, the participants in the summit can reach specific agreements and sign contracts.