That has been reported by the Ministry of Agriculture and Rural Development after five year implementation of agricultural restructuring project towards value added increase and sustainable development.
According to the ministry, agricultural, forestry and seafood export turnover reached US$157.49 billion in the phase of 2013-2017, up 51.2 percent over the average level in the previous five year phase.
The country had 1,955 newly established businesses in agricultural field in 2017, up 20 percent compared to the average number in three year 2014-2016.
As of September this year, the country has over 49,600 businesses operating in farm produce production, processing and trading; accounting for 8 percent of the country’s enterprises.
