Cameroon Agribusiness Report Q1 2015 - New Study Released
New Food research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Mon Dec 29 2014] We see better prospects for coffee and cocoa output in 2014/15 compared to the previous year with exports of the two key agricultural commodities set to rise as a result. Cocoa will be particularly important as higher prices will make any improvements in output translate into substantial gains. This makes it all the more imperative that ongoing issues with distribution and port access are resolved as quickly as possible. Dry weather poses some downside risk to cocoa and has already reduced expectations for 2014/15 corn production. The newly imposed ban on sugar imports may provide some benefit to local production but we are sceptical that it can last given its likely political unpopularity.
Key Forecasts
* Corn consumption growth to 2018: 25.4% to 2.1mn tonnes. Weak output growth in 2014 and 2015 has led us to revise down our forecast, but in the longer term rising incomes and a growing population will see increased demand for the staple grain.
* Cocoa production growth to 2017/18: 25.1% to 281,000 tonnes. Higher prices and increased government and private investment will drive the sector forwards, although growth will be set back slightly by 2013/14's poor harvest.
* BMI universe agribusiness market value growth: 7.2% to USD1.60bn in 2015 (up from USD1.50bn in 2014; forecast to grow by an annual average rate of 7.1% to 2018).
* 2015 real GDP growth: 5.2 % (estimated at 5.6% in 2014; forecast to grow by an annual average rate of 5.5% between 2014 and 2018).
* 2015 consumer price inflation: 2.5 % year-on-year (2.8% in 2014; forecast to average 2.5% between 2014 and 2018).
Farmgate prices in Cameroon reflect buoyant world market prices with Commodafrica reporting that prices reached XAF1,330/kg in September 2014 compared to XAF1,265/kg in the same month the previous year. Business in Cameroon cites better organisation among producers, many of whom have now...
The Cameroon Agribusiness Report features Business Monitor International (BMI)'s market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.
BMI's Cameroon 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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