Boston, MA -- (SBWIRE) -- 03/14/2014 -- Cocoa continues to be the segment with the most potential for growth over the short and medium term in Nigeria. We hold a bullish view on prices, and government and private sector investment is helping Nigeria to gain some ground on struggling competitors Ghana and Côte d'Ivoire. While we doubt that the dairy industry will develop at the speed envisioned by the government's production target of 1.1mn tonnes by 2015, we do see steady growth resulting from increased public and private investment spurred on by buoyant demand. Corn production has been hampered by a lack of available seed - a spillover effect of 2012's flooding - although increased credit and investment will very likely see the green shoots of recovery springing up for the next harvest. The poultry sector is highly dependent on corn as a feed grain and will see growth return in the latter part of 2014 as corn production recovers. Security continues to be an issue as the government's counterinsurgency against Boko Haram drags on. This is an important factor in the low growth rates we are forecasting for wheat, as the grain is grown mainly in northern states where the rebels have their strongholds.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research is a leading 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 is always available to 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 2014
- Thailand Agribusiness Report Q2 2014
- Pakistan Agribusiness Report Q2 2014
- Algeria Agribusiness Report Q2 2014
- Indonesia Agribusiness Report Q2 2014
- Saudi Arabia Agribusiness Report Q2 2014
- Russia Agribusiness Report Q2 2014
- France Agribusiness Report Q2 2014
- Ukraine Agribusiness Report Q2 2014
- Bangladesh Agribusiness Report Q2 2014