New Study: South Africa Agribusiness Report Q1 2016

We maintain a subdued outlook for many industries within South Africa's agricultural sector. P roduction will increase year-on-year in the 2015/16 season , but for s ugar, wheat, corn and barley this will merely represent a rebound after severe decline s in 2014/15 caused by drought. G rain production growth will be slow over the coming years due to low prices , while yields will be constrained due to the weak rand, weather volatility and lower farm incomes. The sugar sector will remain relatively stagnant with production growth rates below 1% annually. That said, t he livestock sector will s ee more positive trends in production growth owing to a multitude of factors , such as increasing demand and a higher population with more discretionary spending power. We believe that the country's main agribusiness companies could reap benefits if drought conditions do not deteriorate and cattle and poultry feed prices are not severely impacted.

Full Report Details at
- http://www.fastmr.com/prod/1070827_south_africa_agribusiness.aspx?afid=301

Key Forecasts

Sugar production contraction 2013/14 to 2018/19 : 0.4 % to 2. 3 mn tonnes . Much lower global sugar prices, relative to the last few years, will lead to a decline in South African sugar output. We believe that production from Brazil will keep the global market well supplied.
Poultry consumption growth to 2019 : 7.9% to 1.9 mn tonnes. As more South African consumers move towards diets containing higher levels of protein, poultry (predominantly chicken but also turkey and duck) is increasingly being viewed as a convenient, healthy and affordable source of nutrition.
Corn production contraction 2013/14 to 2018/19 : 6.6 % to 1 4.0 mn tonnes. Growth will be constrained over the next few years as a result of slower yield growth and weather droughts.
Real GDP growth: 1.9% in 2015, up from 1.5% in 2014.
Consumer price inflation: 4.4% in 2015, down from an average of 6.1% in 2014.

The South Africa Agribusiness Report features BMI Research's market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.

BMI's South Africa 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.

Coverage

BMI Industry View

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