Fast Market Research recommends "Iran Agribusiness Report Q2 2013" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 05/15/2013 -- BMI View: Financial sanctions imposed to pressure the Iranian government over its nuclear programme are playing havoc with the country's ability to import goods. Food price inflation is soaring, leading to a serious decrease in meat consumption. The replacement of barter for regular trade can be seen as a feasible, albeit temporary, way of circumventing sanctions to meet demand. Over the longer term, we believe that the continued investment by the government in infrastructure - such as the improvement of irrigation systems - will help the country to turn away from its backward agrarian system and will yield results in terms of better-quality grains. We are especially upbeat in our outlook for grains and sugar production.
View Full Report Details and Table of Contents
- Wheat production growth to 2016/17: 20.0% to 16.2mn tonnes. Wheat yields are expected to improve owing to the modernisation of technology, including hardier grains variants, greater access to relevant inputs and a larger area of the country benefiting from new irrigation facilities.
- Sugar consumption growth to 2017: 5.8% to 2.6mn tonnes. Sugar demand will remain mild and will be mainly driven by population growth.
- Beef and veal production growth to 2016/17: 6.7% to 410,600 tonnes. Once dominated by small holdings, the Iranian sector has begun to commercialise, which is likely to help to improve efficiency and production volumes. Stronger growth could be achieved were it not for the limitations of grazing room and the beef industry's reliance on relatively expensive grain imports.
- BMI universe agribusiness market value: US$11.9bn in 2013 (up 3.4% from 2012; growth forecast to average 1.2% annually between 2012 and 2017).
- 2013 real GDP growth: 0.5% (up from -3.4% in 2012; predicted to average 1.3% from 2012-2017).
- 2013 consumer price inflation: 33.0% year-on-year (y-o-y) (down from 40.0% y-o-y in 2012; predicted to average 23.2% y-o-y from 2012-2017).
Financial sanctions imposed by the US and EU to pressure Tehran over its nuclear programme are playing havoc with Iran's ability to import goods, including food. Food and consumer items are not targeted by sanctions, but the sanctions make deals and payments between traders difficult. Iran defaulted on payments for rice from India, its top supplier, in 2012. As a result, some exporters to Iran have stopped selling rice to the country with the customary 90 days credit for payment. Even payments considered more secure, via agents in the UAE, are being affected due to currency fluctuations. That said, we believe Iran's imports will be relatively unaffected in 2013, as the country is diversifying its providers, with Argentina exporting to Iran again after a 20-year break.
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:
- India Agribusiness Report Q2 2013
- Indonesia Agribusiness Report Q2 2013
- China Agribusiness Report Q2 2013
- France Agribusiness Report Q2 2013
- Russia Agribusiness Report Q2 2013
- South Africa Agribusiness Report Q2 2013
- Thailand Agribusiness Report Q2 2013
- Egypt Agribusiness Report Q2 2013
- Saudi Arabia Agribusiness Report Q2 2013
- Turkey Agribusiness Report Q2 2013