High value and export-oriented agribusiness: Unlocking agrifood sector potential in Sri Lanka
A new study by the Institute of Policy Studies of Sri Lanka (IPS) highlights the significant contribution of Sri Lanka’s agrifood sector to the economy and identifies opportunities to drive export growth through high-value agriculture and agro-processing. The study finds that while primary agriculture accounts for 8.3% of Gross Domestic Product (GDP), the broader agrifood […]
The Institute of Policy Studies of Sri Lanka (IPS) released a new study highlighting the significant role of the agrifood sector in Sri Lanka's economy. While primary agriculture contributes to only 8.3% of Gross Domestic Product (GDP), the broader agrifood sector makes up 24.5% of GDP and employs 42% of the workforce. The study identifies high-value agriculture and agro-processing as key areas for export growth, with six export clusters showing strong potential: cinnamon, other spices, coconut-based products, fruit and vegetable processing, seafood, and tea.
The research emphasizes the need for improving agricultural productivity and expanding processing capabilities to sustain growth, and recommends strengthening high-value, export-oriented agribusiness to enhance the country's export competitiveness.
Brief written by urgent.news from The Island Sri Lanka's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
