Boston, MA -- (SBWire) -- 11/27/2015 --Thailand will maintain its status as a key Asian agricultural provider in the coming years, as the sector boasts strong export opportunities and government support as well as an efficient food producing industry. The sugar and livestock sectors hold promising growth stories. However, the government's interference in the market, especially in the rice sector, will hinder the competitive ness of Thai production compared to its Asian rivals. Rice production will face downward pressure as the government incentivises farmers to switch away from rice towards other crops, mainly sugarcane, in a bid to curb oversupply of rice. That said, Thailand will likely regain its status as the world's largest rice exporter as the government seeks to clear out its rice stockpile by 2016.
Get More Details on this Report and a Full Table of Contents at Thailand Agribusiness Report Q1 2016
Key Forecasts
Milk production growth to 2018/19: 15.9% to 1.2mn tonnes. Production expansion will come on the back of large producers increasing the size of their herds. While we expect the number of dairy cattle to increase, the number of operators will fall as smaller producers are forced to leave the sector, unable to compete.
Sugar production growth to 2018/19: 5.4% to 11.9mn tonnes. Sugar output will be driven mainly by new government incentives, strong sugarcane yield improvements and improved sugar recovery from cane and strong export opportunities.
Rice production growth to 2018/19: 3.3% to 21.1mn tonnes. The government is now aiming at reducing the country's rice oversupply by incentivising farmers to turn to alternative crops. This will limit plantings growth in the coming years.
2016 BMI universe agribusiness market value: USD42.3bn (growth to average 4.1% annually between 2015 and 2019).
Real GDP growth in 2016: 4.1% chg (up from 3.5% in 2015, forecast to average 4.0% between 2015 and 2019).
The Thailand Agribusiness Report features BMI Research's market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.
BMI's Thailand Agribusiness Report includes independent commodity price forecasting and analysis for key agricultural outputs, an overview of the agribusiness competitive landscape and a discussion of the downstream context of agricultural production in relation to country food consumption forecasts and composite food and beverage trade forecasts.
Key Benefits
-Use BMI's independent industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
-Apply BMI's medium-term commodity price analysis to assist with budgetary planning and the identification of investment opportunities and potential risks.
-Assess the activities and market position of your competitors, partners and clients.
Coverage
BMI Industry View
Summary of BMI?s key industry forecasts and views, highlighting recent changes and key risks to the industry outlook.
Industry SWOT Analysis
Analysis of the major strengths, weaknesses, opportunities and threats within the wider agricultural industry.
BMI Supply & Demand Forecasts
Divided into sections based on various diverse sectors in the agriculture market, the chapter provides insight into each market?s agricultural industry, centred on sector forecasts to end-2019 for the consumption, production and trade of key commodities.
-Consumption Forecasts: Accompanied by a discussion of the main drivers of consumption growth: macroeconomic factors, food processing trends, price movements and increasingly, demand from the non-food sector.
-Production Forecasts: Examine the trends influencing BMI?s production outlook: global demand, price increases, public and private sector investment and agricultural efficiency improvements.
-Trade Forecasts: Accompanied by a discussion of the factors influencing a country?s trade in agricultural goods, including domestic demand, global prices and government trade policies.
-BMI?s Forecasts: Accompanied by a risks-to-outlook assessment, which examines potential factors that could affect our existing forecast picture and the likelihood of their occurrence.
BMI?s Commodity Price Analysis
Fundamental and technical analysis of the short- and medium-term price outlook for eight agricultural commodities based on globally recognised benchmarks.
Downstream Analysis
Analysis of headline food and drink forecasts, including total food consumption, per capita food consumption and total sector trade, which provide important downstream intelligence for primary agricultural producers.
Featured Analysis
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Thailand Agribusiness Report Q1 2016 - New Market Research Report
Fast Market Research announces the availability of the new Business Monitor International report, "Thailand Agribusiness Report Q1 2016", on their comprehensive research portal