Now Available: United Kingdom Agribusiness Report Q1 2015

From: Fast Market Research, Inc.
Published: Mon Dec 22 2014

We favour the grain, livestock and dairy industries in the UK because of good export opportunities and a strong domestic market . The UK will post moderately strong growth in wheat production over the coming years, as we expect the grain to remain attractive in terms of prices relative to other crops. We believe that the dairy and sugar industries will increase production in the years following their respective production quota ends.

Key Forecasts

* Wheat production growth to 2017/18: 19.5% to 1 5.9 mn tonnes. We expect UK wheat production to grow at a moderate pace due in part to wheat price outperformance relative to other grains, and ongoing demand from export destinations. However, there will be increased competition for exports from the Black Sea region, decreasing direct payments to farmers as a result of Common Agricultural Policy (CAP) reform, and poor economies of scale on the back of a shift of EU ethanol policy towards non-food biofuels.
* Poultry consumption growth to 2018: 10.7 % to 2.2 mn tonnes. Poultry meat is often viewed as a cheaper and healthier alternative to beef, for which consumption per capita is largely saturated.
* Milk production growth to 2017/18: 6.2 % to 14. 5 mn tonnes. Liquid milk production will post moderate growth over the next few years, before accelerating as effects of the abolition of the 2015 milk production quotas take hold.
* 2015 r eal GDP growth: 2. 4 % year-on-year (y-o-y) (down from 3.1% y-o-y in 2014).
* 2015 consumer price inflation: 1.95 % y-o-y (up from 1.5% y-o-y in 2014).
* BMI U niverse Agribusiness M arket V alue growth : 4.5% y-o-y to USD20.7bn in 2014/15, forecast to rise 2.6% on average annually between 2014/15 and 2017/18.

Full Report Details at

Industry Outlook

In line with our view for most European countries, we believe that poultry output will post the strongest growth in 2014/15. We expect poultry production to...

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

BMI's United Kingdom 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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