An overview on agriculture development services in Singapore
Singapore is one of the most developed economic countries
of Asia and has one of the highest per capita incomes in Asia. Singapore is a
major transshipment center for Southeast Asian region and the Indian
subcontinent. Due to Singapore’s
geographic location it is an important hub for international food and
agricultural-related companies, also is the world’s fourth leading financial place
after New York, London and Tokyo according to the BBC. Due to lack of
agricultural land and limited food production, Singapore imports more than 90
percent of food which they require for their residents and tourists who visit
every year. So there is a big market for agriculture development services in Singapore.
Since the agriculture land is merely 1.47% of total
land so Singapore relies heavily on imports to fulfill its agriculture and agro-food
requirements. Malaysia, France and Indonesia are the major countries who export
seafood and agro-food to Singapore.
According to Euromonitor International they had spent about US$8.16
billion in 2013 for eating. Singapore government has introduced "Healthier
Choice" symbol on packaged food to indicate healthier product to
consumers. Singaporeans use this symbol for choosing healthier packaged food
that manufacturers sell in market. This trend is becoming mainstream in
Singapore for buying healthy food. Now you can easily figure out that there is
a great scope for agriculture
development services in Singapore.
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