Ghana Agribusiness Report Q1 2015: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Fri Nov 28 2014


Fresh doubts have emerged about the financial stability of cocoa regulator COCOBOD and its capacity to sustain support to farmers given the difficult fiscal situation facing the government. Nevertheless, the recent stabilisation of the cedi and announcement of a higher support price should balance these risks. The launch of a new government project to revitalise the poultry sector suggests that the challenges facing the segment as it struggles to compete with imports are being taken seriously and, although firm proposals are thin on the ground, we remain optimistic about the industry's future. One of the main constraints on growth will be high feed prices, giving added urgency to programs aimed at increasing corn yields. We expect production levels to continue to climb gradually in the grains segment although concerns remain in the near future regarding food price inflation.

Full Report Details at
- http://www.fastmr.com/prod/900699_ghana_agribusiness_report_q1_2015.aspx?afid=301

The storm clouds which were gathering over the Ghanaian cocoa sector have been at least temporarily lifted by the news that the regulator COCOBOD will continue to offer support to the sector in collaboration with the government. The free inputs and better infrastructure promised would enable cocoa farmers to make the most of a seller's market of tight supplies and galloping demand. Similar support for corn growers will enable continued improvements in yield, admittedly from a very low base. On the demand side, persistently high inflation will continue to squeeze spending power even in the face of steady economic growth. Meat consumption is likely to be particularly vulnerable to any further spikes in inflation and local poultry producers will require more than import restrictions to help them cope with high feed costs.

Key BMI Forecasts

* Cocoa productio n growth to 2017/18: 11.0% to 927 ,000 tonnes. While much of this growth will be due to base effects, the government has committed to supplying free inputs and improving infrastructure.
* Corn production growth to...

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

BMI's Ghana 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.

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