The agriculture sector, when combined with fisheries and forestry, accounts for less than 0.5% of Singapore’s GDP with only 0.5% of the countries land used for these purposes. The produce which is farmed from the land is used almost entirely for local consumption and consists predominantly of eggs, poultry, fish and vegetables. The only agricultural products that are exported in any significance are orchids. The industry employs approximately 1% of Singapore’s population.
All agriculture in Singapore was managed by the Agri-Food and Veterinary Authority of Singapore (AVA) until April 2019, and they estimated that the country imports around 90% of their required food from overseas. This level of dependency is a concern, and the government is trying to reduce this high reliance on other countries. The country is continually exploring what opportunities are available in commercial and high-tech farming.
The roles of the AVA have been transferred to other government bodies, and they are now endeavouring to promote greater investment in the industry as well as reduce costs. The World Economic Forums Global Competitiveness Report ranks Singapore a third of 144 countries when it comes to agricultural expenses. All agriculture is heavily regulated in Singapore, especially the use of pesticides with emphasis placed on eco-friendly urban agriculture.
Here is some information on the top 10 agricultural companies in Singapore.