ECONOMIC DEVELOPMENT SECTORS AND OPPORTUNITIES Our study to identify high-potential economic sectors in the Southern Province highlights 10 major strategic sectors and some possible opportunities by sector (non-exhaustive list). RESPONSIBLE AGRICULTURE AND THE AGRI-FOOD INDUSTRY With an overall coverage rate of about 15% (30% for fresh produce), New Caledonia has great potential to diversify its agriculture and, more specifically, to develop its organic farming (only 2% of the usable agricultural land is currently farmed organically). Large areas of exploitable land, a sunny tropical climate and incentives to cultivate the available land are major advantages for farming and agricultural production. The processing of agricultural products via local agri-food industries and the treatment of organic waste are also priorities. New Caledonia's objective is to achieve 30% coverage by 2025. Key figures 2% of GDP - 30,000 To of crop production in 2020 for 7.6 billion XPF / 63.5 M€. 13% of the 185,000 ha of farmland under cultivation (65% under private law & 23% under customary law) 73% of agricultural production marketed in the Southern Province 60% of Cristal Blue shrimp production exported 18% of industrial companies in the agri-food sector Award-winning honeys at the Paris International Agricultural Show (162 To/year) 300 producers of vanilla (also an award-winner) with an extraordinary vanillin content (2.2% to 5%) 3 15
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