Agriculture and fisheries

Over the past 10 years, the agricultural acreage of Mozambique increased by 47%. This growth rate is "impressive", according to the Economist Intelligence Unit (EIU). The EIU also pointed out that the size of the agricultural production units is steadily increasing.

However, there are major challenges in this sector, particularly in the improvement of agricultural infrastructure: roads, irrigation and storage. Agriculture is a priority in the state budget of Mozambique. In 2012, 11.6% of the expenditure was made in this sector. Over the next 10 years, the Mozambican government will invest about USD 540 million in irrigation projects, said Mahomed Vala, National Director of Agricultural Services of the Ministry of Agriculture, to the Diário de Moçambique in December 2011. The country relies on cooperation with China, Brazil and the European Union in its program of modernization of agriculture.

An example of the development of commercial agriculture are the activities of the Agriterra company, present in many African countries. In Mozambique, Agriterra has four divisions: cattle, corn, palm oil and cocoa. One of the Agriterra's companies in Mozambique is Mozbife, specializing in cattle for the meat industry.

The Mozbife works with Beefmaster cattle, imported from South Africa. This breed produces high quality meat. Mozbife has over 13 thousand head of cattle. Another Agriterra activity is processing corn. This is done by their companies DECA and Compagri Limited. These companies buy corn to more than 350,000 small local producers, process it for consumption, and resell the corn in the domestic market. Corn is a major food products of Mozambique. The forest industry is an important activity within the agriculture sector, especially for the production of paper. The most important companies in this area are Portucel and South African Pulp & Paper Industry (SAPPI). Also in recent years there has been a growth in the biofuels industry, including bioethanol, based on cane sugar.

The forest industry is an important activity within the agriculture sector, especially for the production of paper. The most important companies in this area are Portucel, South African Pulp & Paper Industry (SAPPI) and the Finnish company United Paper Mills (UPM). Also in recent years there has been a growth in the biofuels industry, including bioethanol, based on cane sugar.

The fisheries and aquaculture sectors are other sectors very favourable for investment. The seas of Mozambique are rich in fish and shellfish, including lobster, crab, prawn and shrimp. Industrial fishing is conducted through joint ventures between the Mozambican government and Japanese and Spanish companies. To avoid overfishing and simultaneously create more growth in this sector, the government promotes aquaculture, an activity with a high probability of success in Mozambique. A recent study has shown that the country has a potential of 77,600 hectares of aquaculture on land and 32,100 at sea. Species grown in aquaculture are tilapia (a freshwater fish), prawns and tiger prawns.

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