New Market Report: Turkey Agribusiness Report Q1 2016

From: Fast Market Research, Inc.
Published: Mon Nov 09 2015

We favour the sugar sector in Turkey because of the strong growth potential of the country's confectionery industry and our belief that large changes to the country's sugar production quotas are likely to occur in the coming years. W e continue to see resilient growth in the livestock sector on the back of continued government support. G rain, dairy and rice production will recover in the 2015/16 season following the drought in 2014.

Key Forecasts

Wheat production growth 201 4 /1 5 to 2018/19: 26 .0% to 18.9mn tonnes. We expect the country to remain an importer of wheat up to 2017 despite reasonably strong domestic production growth.
Sugar consumption growth 2015 to 2019: 1 2 . 5 % to 2.6mn tonnes. This will be in line with strong growth in the confectionery industry and our belief that production quotas will be reformed.
2015 real GDP growth: 2.8 %, down from 2.9% in 2014.
Consumer price inflation: 7.2% average in 2015, down from 8.9% average in 2014.
BMI universe agribusiness market value: 7.5% increase to USD63.3bn in 2015/16, forecast to increase by an annual average of 4.9% between 2015/16 and 2018/19.

Full Report Details at

Key Developments

Following the drought-affected harvest of 2014/15, we expect Turkish grain production in 2015/16 to increase considerably based on our assumption of average weather conditions. We do not believe that production will rebound right away to 2013/14 levels, as farmers have limited credit owing to poor earnings in 2014. In addition, low global crop prices will limit the incentive to produce grains in marginal areas.

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

BMI's Turkey 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.


BMI Industry View

Summary of BMI’s key industry forecasts and views, highlighting recent changes and key risks to the industry outlook.

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the wider agricultural industry.

About Fast Market Research

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You may also be interested in these related reports:

- Germany Agribusiness Report Q1 2016
- Indonesia Agribusiness Report Q1 2016
- Bangladesh Agribusiness Report Q1 2016
- Ghana Agribusiness Report Q1 2016
- Pakistan Agribusiness Report Q1 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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