Sri Lanka Agriculture Market Trends, Statistics, Growth, and Forecasts
About the Report
About the Report
The increasing demand for high-quality agricultural products versus their limited supply ultimately results in increased imports. Some major product categories, including soybeans and dairy foods, have been heavily dependent on imports for many years. Other inhibitors to sector’s growth include the ageing workforce with a low level of education and the underdeveloped rural financial services system. The government has adopted a number of multi-year policies, such as a pledge to double farmer incomes and become self-sufficient in pulses over an unspecified short-term period. However, reform needs to go much deeper, especially considering the fact that in the years to 2050, agriculture is expected to provide livelihoods for about half the rural population, despite ongoing urbanisation in the country. Most farmers are engaged in low-scale subsistence farming and have a hard time accessing credit and paying it back. Therefore poverty and crop holiday years, as well as abandoning farming, or even committing suicide, is widespread among farmers in the country. Sri Lanka has taken economic growth seriously and needs to feed its whetted appetite.
Sri Lanka’s agriculture sector provides livelihoods to households in rural areas. Together with forestry and fisheries, it is one of the largest contributors to Sri Lanka’s GDP. Agricultural methods including primitive subsistence farming, intensive subsistence farming, commercial farming and plantation farming as a variant of commercial farming are all present in India. Some states specialise in growing certain crops commercially, while others grow the same crops as a subsistence farming activity. The Sri Lanka government has for decades actively supported the agriculture sector through mechanisms such as fertiliser subsidies, and relaxed lending conditions, amongst others, allowing farmers to have a fair estimation of their revenues and plan for the next agricultural season accordingly. Through a network of public institutions and various programmes and schemes, Sri Lanka’s federal and regional authorities are trying to protect agricultural producers and boost production. A number of policy measures have been taken to address two major factors – soil and water – that are critical to improving agricultural output.
Table of Contents
Table of Contents
Table Of Contents
1. Research Methodology and Scope
2. Market Overview
3. SWOT Analysis of Agriculture Market
4. Agriculture Market
5. Commodity Price Analysis
6. Production and Consumption Analysis
7. Agrochemicals Market Analysis
8. Trade (Import-Export Analysis)
9. Regional Agri Market Analysis
10. Global Agriculture Market Analysis
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