Fast Market Research recommends "Central America Agribusiness Report Q4 2012" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 01/16/2013 -- Adverse weather conditions continued to affect Central American agricultural producers through Q312, signalling the ongoing threat of unpredictable and extreme climactic factors to our outlooks for the region. Guatemala's corn and bean crops have been hard hit by persistent drought conditions through 2012, posing a significant threat to the food security of more than 50,000 families.
Central America has also been hit hard by the increase in price of staples such as corn and beans, caused primarily by the droughts in the US. However, the Inter-American Institute for Cooperation on Agriculture has moved to alleviated concerns that the situation may lead to a food crisis in the region of the magnitude of 2007-2008. The institute has stressed that it considers the phenomenon to be temporary and limited to three crops, corn, soybeans and wheat. The recent trend does, however, highlight the vulnerability of Central American agribusiness to commodity price fluctuations. Central American coffee producers are currently struggling to adapt to the steep fall in coffee revenues since prices peaked in April 2011.
View Full Report Details and Table of Contents
- The region's economic trajectory remains highly divergent. We have increased our forecasts for Panama's real GDP growth rates to 9.1% year-on-year (y-o-y) in 2012 and 8.0% in 2013. However, the government's recent decision to raise its deficit ceiling is likely to see the country's fiscal deficit increase to 2.4% in 2012 and 2.1% in 2013. Panama's economy remains strong in comparison with other countries in the region. El Salvador's economic outlook continues to deteriorate on the back of weak private consumption and we forecast GDP growth of 1.5% in 2012 and 2.2% in 2013.
- Demand for sugar in Central America is estimated to have increased by 1.2% y-o-y in 2010/11 to 1.91mn tonnes. Growth was strongest in Nicaragua at 3.4% y-o-y. In 2011/12, we see demand growing by 4.1% y-o-y to 1.98mn tonnes, as nominal GDP grows across the region, with Honduras seeing the fastest expansion at 14.0% y-o-y. We see growth slowing to 1.5% y-o-y in 2012/13, with demand levels diverging across the region: from a 1.1% y-o-y decline in Guatemala, to an 8.0% y-o-y increase in Honduras. Over our forecast period to 2016, we see regional demand growth increasing by 10.0% on the 2011 level to 1.99mn tonnes. Growth is forecast to be strongest in Nicaragua and Honduras, at 16.9% and 28.5%, respectively.
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:
- Central America Food and Drink Report Q4 2012
- Vietnam Agribusiness Report Q4 2012
- Argentina Agribusiness Report Q4 2012
- Peru Agribusiness Report Q4 2012
- Spain Agribusiness Report Q4 2012
- Australia Agribusiness Report Q4 2012
- Venezuela Agribusiness Report Q4 2012
- United States Agribusiness Report Q4 2012
- Product Insights: Global Product Innovation Update, February 2012
- Germany Agribusiness Report Q4 2012
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)