Mauritius Agricultural industry is a largest livelihood provider country, which is responsible for developing industries on either sides of its value chain, as the international trade improved. The diverse-agro climatic conditions to cultivate different crops are major factor favoring agriculture in the country. In addition, some government schemes are helping in developing organic farming by promoting farmers to produce and commodities free of pesticide & residue. Apart from this, Mauritius agriculture industry is also the most challenging industry due to major issues like increase in population, limited land area, limited natural resources, susceptibility to natural disasters, sensitive ecosystems and food security. This, coupled with policy differences as well as changes across the world makes it more interesting to research in this field for measuring the impact of different macro economic variables on the demand or supply of ingredients & outputs of this industry.
According to study, “Mauritius Agriculture Market Trends, Statistics, Growth, and Forecasts” some of the key companies operating in the Mauritius agriculture market are Alteo, Innodis Groups, Export Trading Group, Terra Mauricia, Medine, Livestock Feed, Edendale Distributors, Inicia, AgroCenta, Cobb Africa, Agricane, Hemraj Ghina & Sons, Butter and Dairy Enterprises, Sport Data Feed, Bella Amigo Group, Constance La Gaiete, Senneville.
Mauritius agriculture industry is mainly consists of vegetable sector, fruit sector, fish sector etc. Fruit production mainly comprises of banana, litchi, pineapple, and mango that meets just fewer than 50% of the country's requirements. Livestock production is undertaken by regarding 3,500 people but only produces 5% of requirements in meat and 2% in milk. The Mauritius government is working towards making dairy sector more technological, improvement small regional cow breeding cooperatives and increasing investment in the animal feed production. Additionally, snapper, Tuna, and grouper are some of the most commercially valuable species of fish in country’s waters. A key cause of poverty among coastal fishing communities is depletion of marine resources. Referring to International Fund for Agricultural Development (IFAD), lagoons are at jeopardy of being over-fished, octopus stocks have declined piercingly and the methods of fishing for octopus are steadily destroying the reef. To relieve pressure on resources, country’s government has introduced various regulations. The coastal communities are also vulnerable to cyclones and increasing sea levels.
The Mauritius agriculture market is driven by growth in household income, followed by increase in processed food consumption resulted in expansion of food processing sector. Some other driven factors are increase in exports, surge in use of information technology and rise in private participation in agriculture. Apart from this, the Mauritius agricultural industry is also driven by market instead of policy that provides developing nations with increased opportunities to invest in the sector & benefit economically. However, shortfall in production & trade related disruptions and volatility in prices may impact the market.
It is estimated that future of Mauritius agriculture market will be optimistic on account of growth in production of rice, maize, potatoes, pulse and onions during the forecast period.
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Ankur Gupta, Head Marketing & Communications