Mozambique Agribusiness Report Q1 2014 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-17 06:06:02
We hold a positive view on the agribusiness sector of Mozambique, as the country has the potential feed itself and is able to tap into abundant and largely unexploited land and water resources. Of the utmost importance is boosting agricultural productivity by improving irrigation, and introducing technology to small-scale farmers. The government has also highlighted the need to improve food and nutritional safety and to facilitate more agricultural reform. Our optimism about Mozambique´s agriculture industry largely hinges on the government´s continued support for the sector. According to the Ministry of Agriculture´s National Plan for Investment in the Agricultural Sector, Mozambique still requires investment of US$3.1bn between 2013 and 2017 to ensure that the country is self-sufficient in food. The plan aims to transform subsistence agriculture, predominant in the country, into commercial agriculture, and using the sugar domestic sugar industry as a model for development.
Sugar production growth to 2016/17: 34.4% to reach 538,000 tonnes. As one of Mozambique´s key cash crops, long-term sugar production growth will reflect an increase in export-driven demand and the opening up of new markets; output is also expected to benefit from investment in biofuels.
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