Agriculture

Agriculture is the mainstay of the economy of Madagascar. Opportunities exist in contracting land on lease to produce locally consumed products such as rice and maize. There are opportunities in the field of crop processing and dairy production.

Agriculture contributes to 30% of the Gross Domestic Product of Madagascar. This sector gives employment to more than 70% of Malagasy workforce. Some of the most important crops grown widely in Madagascar are rice, sisal, sugarcane, banana, cotton, cassava, tobacco, sweet potato and corn. Coffee, Vanilla, cloves, peanuts, cocoa and pepper are important cash crops grown in Madagascar.

Fresh fruits, flowers, nuts and vegetables are in high demand locally. The weather of Madagascar is conducive to the growth of various fruits, vegetables, nuts and other plants.

There is opportunity for developing large sized fruit farms. Various fruits are already grown successfully in huge quantities including banana, mango, coconut, lychee (litchi), pineapple, avocado and apple.

Lower labour costs, high labour numbers and competitive costs of setting up of farms makes agriculture an attractive investment sector.

The seafood industry is highly developed in Madagascar. The country exports products such as shrimp, crab, tuna, lobster, shellfish and sea cucumber in huge quantities to destinations such as Europe, the US, Japan, Singapore, China, Reunion and Mauritius.

The local demand for freshly produced seafood is high owing to increase in tourist numbers in Madagascar.