"Philippines Agribusiness Report Q1 2016" Published

We hold a positive view on the Philippines ' agribusiness sector in the long term, given the country's potential for expansion into new sectors , such as palm oil. We particularly like t he outlook for sugar production and believe the livestock sector will continue to show healthy growth rates. The Philippines' vast consumption market, along with strong government support , will foster domestic and foreign investment and favour output expansion. However, backyard farming and infrastructure problems, especially transport costs, will continue to hamper the sector's growth. These inefficiencies will become increasingly crippling as South East Asia moves towards the ASEAN Economic Community, which is supposed to lead to trade and investment liberali s ation in the region. Although the Philippines' government appears to have taken the measure of the challenge and is now supporting rice and sugar production, agriculture in the country remains uncompetitive. As such, the sector is at risk of low cost imports from its neighbours over the medium term.

Full Report Details at
- http://www.fastmr.com/prod/1073417_philippines_agribusiness.aspx?afid=301

Key Forecasts

Sugar production growth to 2018/19: 14.5% to 2.8mn tonnes. Sugar production growth will be driven by improvements in yields. The government has approved the Sugarcane Industry Development Act, which is aiming at diversifying the sugar sector towards more value-added products and will provide financing to farmers.
Poultry production growth to 2018/198: 14.1% to 976,000 tonnes. Poultry production will record steady but unspectacular growth. Growth will be driven by investment, both domestic and foreign.
Rice production growth to 2018/19: 11.7% to 13.2mn tonnes. Production growth will be fuelled by continued improvements in infrastructure and yields as the government looks to attain self-sufficiency and support output.

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

BMI's Philippines 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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