Fast Market Research recommends "Indonesia Agribusiness Report Q4 2012" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 09/05/2012 -- BMI View: We believe that the Indonesian government's plan to be self sufficient in rice is achievable in coming years. Negotiations between the Indonesian government and Papuan officials have led to an agreement to allow 200,000 hectares of land in the Merauke region to be developed into the Merauke Integrated Food and Energy Estate. Most the land will be used to grow rice two times a year.
- Coffee production growth to 2015/16: -9.4% to 8.5mn bags owing to base effects. Coupled with our long-term bullish outlook for prices, another long-term production driver of the coffee sector will be domestic consumption. This is likely to increase over our forecast period as a coffee culture grows in Indonesia's cities on the back of increased urbanisation.
- Poultry consumption growth to 2016: 13.3% to 1.7mn tonnes. The increasing ability of Indonesians to afford meat as part of their daily diet will be a main driver of poultry demand.
- Palm oil consumption growth to 2016: 39.4% to 9.2mn tonnes. This will mainly be driven by domestic food-use demand, which accounted for more than 70% of total local palm oil consumed in 2011. We believe that industrial demand will lag growth in the food-use sector largely due to a lack of government subsidy support for biofuels and state-owned oil company Pertamina's uncompetitive purchasing prices. Industrial use (for biodiesel and oleochemicals) of palm oil currently accounts for about 20% of total domestic consumption.
- 2012 real GDP growth: 5.4% (down from 6.5% in 2011; forecast to average 6.3% to 2016).
- 2012 consumer price index: 4.8% year-on-year (y-o-y) average in 2012 (down from 5.4% in 2011; forecast to average 5.2% to 2016)
- 2012 central bank policy rate: 6.0% in 2012 (same as in 2011; forecast to average 6.7% in 2016)
View Full Report Details and Table of Contents
Key Industry Developments
Animal feed companies PT Japfa Comfeed Indonesia Tbk and PT Multibreeder Adirama Indonesia Tbk have agreed to a merger, speeding up the consolidation occurring in the industry. These firms are two of the top players in the growing Indonesian animal feed industry, and we believe the merger will enable more resources to be shared and lead to stronger supplier power and higher market share. Despite higher production, cocoa bean exports from Indonesia have been slow in the first quarter of 2012.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Food research reports at Fast Market Research
You may also be interested in these related reports:
- France Agribusiness Report Q4 2012
- Turkey Agribusiness Report Q4 2012
- Ghana Agribusiness Report Q4 2012
- Thailand Agribusiness Report Q4 2012
- Russia Agribusiness Report Q4 2012
- South Africa Agribusiness Report Q4 2012
- Mexico Agribusiness Report Q3 2012
- Peru Agribusiness Report Q3 2012
- Spain Agribusiness Report Q3 2012
- Australia Agribusiness Report Q3 2012
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)