Fast Market Research recommends "Tanzania Agribusiness Report Q3 2013" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 08/16/2013 -- We continue to favour the Tanzanian sugar and coffee industries over the medium term owing to their potential for growth on the back of strong investment in capacity. The grain industry in Tanzania will remain less competitive than other countries in the region, particularly South Africa and Zambia, and we see little potential for the country to become a major grain exporter.
- Rice production growth to 2016/17: 42.3% to 1.4mn tonnes. The rice sector will benefit from increased investment from foreign companies, which plan to cultivate rice in an effort to boost food security. New varieties also could boost yields in the medium term.
- Corn consumption growth to 2017: 30.5% to 5.4mn tonnes. A combination of enhanced yields (contributing to lower prices) and rising living standards is expected to drive corn consumption growth.
- Coffee production growth to 2016/17: 113.2% to 1.1mn 60kg bags. Although this eye-catching growth can partly be attributed to base effects, the sector is benefiting from investment in disease-resistant trees, and from incentives to small producers.
- 2013 real GDP growth: 7.1% year-on-year (y-o-y), up from 6.9% in 2012; forecast to average 7.3% over 2012-2017.
- Consumer price inflation: 8.6% average in 2013 (down from 16.1% average in 2012).
- BMI universe agribusiness market value: 4.6% y-o-y increase to US$3.9bn in 2012/13, forecast to increase by an annual average of 4.5% between 2011/12 and 2016/17.
View Full Report Details and Table of Contents
Key Revisions To Forecasts:
- 2012/13 sugar consumption: Revised up from 500,000 tonnes to 520,000 tonnes.
- Coffee: Long-term demand forecasts revised up on government support and a positive consumption story.
A growing African middle class is boosting demand for food products across the continent, and several countries are well placed to tap into this market. We identify producers and retailers in South Africa and Kenya as having strong potential. While production of processed foods will gradually increase, retailers and exporters in countries such as Brazil are also set to profit from growing African consumption.
We removed our bullish sugar view in May as the preliminary estimates for the Brazilian harvest took prices below what we estimated as production costs (USc17.00/lb). We highlighted that prices could now move to their next level of support at around USc15.00/lb in the coming months. We forecast the Brazilian sugar harvest to increase by about 2.2% to 39.6mn tonnes, while Thai, Russian, Australian and Indian productions will recover strongly in 2013/14. Demand growth will strengthen, especially driven by import growth from China and other countries in Asia.
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:
- Greece Agribusiness Report Q3 2013
- Philippines Agribusiness Report Q3 2013
- India Agribusiness Report Q3 2013
- China Agribusiness Report Q3 2013
- Pakistan Agribusiness Report Q3 2013
- Nigeria Agribusiness Report Q3 2013
- France Agribusiness Report Q3 2013
- Thailand Agribusiness Report Q3 2013
- Indonesia Agribusiness Report Q3 2013
- Iran Agribusiness Report Q3 2013
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)