The Agricultural Ministry of Bangladesh aims to treble export revenues from fresh produce-including fruits, vegetables, processed spices and food to $2 billion over the next two years by removing exporters’ bottlenecks.
The program comes at a time when export revenues from the whole agricultural sector have surpassed $1 billion for the first time in fiscal 2020-21.
Over the last decade, the vegetable export industry in Bangladesh has grown significantly, with exports increasing from around US$3.7 million in 2008 to over US$7.7 million in 2018. This growth has been driven largely by the country’s competitive cost advantage, as well as its geographic proximity to major markets in the Middle East and Europe.
Source: dailyindustry.news