Agribusiness in Mongolia to be developed
Agribusiness in Mongolia to be developed.
Agribusiness in Mongolia to be developed. Agriculture and Rural Development project is launched financed by Asian Development Bank. The project will help agribusiness enterprises develop supply value chains to deliver premium products that command high prices in international niche markets. It will also fund investments in rural infrastructure and services that support the agribusiness sector. The Project will achieve the development by providing private enterprises with the resources to undertake investments in the value chain coordinated with investments in their own processing facilities. Agribusiness development is essential for developing agriculture and improving rural incomes in Mongolia. While Mongolian agribusiness enterprises have little quality- or price-based comparative advantage in international markets, they do have a comparative advantage derived from the distinctive qualities of Mongolian agricultural products.
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