Spain Agribusiness Report Q4 2014 - New Market Research Report

Livestock prices have held up relatively well in the EU despite the impact of Russia's embargo, and Spanish pig carcass prices remain elevated compared to other EU producers, while pork exports further afield are going from strength to strength. We therefore expect to see continued growth for Spain's most important livestock commodity. Grain producers will be feeling less positive after a sharp drop in yields for wheat and barley and a fall in corn acreage due to irrigation concerns. We do not expect this to have any effect on livestock production , as other EU producers have enjoyed a strong harvest and will be looking to export feed grains. The dairy sub-sector is adapting to a new legislative framework under the EU's milk package , which could lead to greater stability, although the potentially most transformative policy - collective bargaining - has not yet been widely adopted in Spain.

Full Report Details at
- http://www.fastmr.com/prod/888527_spain_agribusiness_report_q4_2014.aspx?afid=301

Key Forecasts

* Wheat production growth to 2017/18: 35.8% to 7.0mn tonnes. Wheat production will be sustained by steady price rises, although base effects account for the majority of this growth.
* Poultry consumption growth to 2018: 4.2 % to 1. 3 mn tonnes. Cash-strapped consumers will favour this relatively cheap livestock commodity.
* Cheese production growth to 2018: 7.6% to 341,000 tonnes. Growth in demand for Spanish cheese at home and abroad will support steady increases in production.
* 2014 real GDP growth, % y-o-y: 1.3%. Up from -1.2% in 2013 and forecast to grow by an average 1.7% between 2014 and 2018.
* 2014 consumer price index: 0.3% average (down from 1.5% in 2013).
* BMI Universe Agribusiness Market Value: USD15.49bn in 2014, 7.0% year-on-year (y-o-y) growth. Forecast to decline by around 0.3% between 2014 and 2018.

Industry Developments

Spanish pork producers are expected to feel relatively little effect from Russian sanctions compared to other EU producers,...

The Spain Agribusiness Report features Business Monitor International (BMI)'s market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.

BMI's Spain Agribusiness Report includes independent commodity price forecasting and analysis for key agricultural outputs, an overview of the agribusiness competitive landscape and a discussion of the downstream context of agricultural production in relation to country food consumption forecasts and composite food and beverage trade forecasts.

Key Benefits

* Use BMI's independent industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
* Apply BMI's medium-term commodity price analysis to assist with budgetary planning and the identification of investment opportunities and potential risks.
* Assess the activities and market position of your competitors, partners and clients.



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