Fast Market Research recommends "Italy Agribusiness Report Q1 2015" from Business Monitor International, now available
[USPRwire, Fri Dec 12 2014] Our outlook for the Italian agribusiness sector has turned more bearish, as dry conditions in Europe, high operating costs and bleak economic prospects have taken a toll on the grains, dairy and livestock sectors. Our long-held view has favoured the grains segment over rice, and we expect conditions to be particularly favourable for wheat and corn over the forecast period to 201 8 . We expect poultry and cheese to outperform, mainly bolstered by the expected economic recovery, change s in consumption habits and opportunities for expansion into export markets.
Key Forecasts
* Corn production growth to 2017/18: 27.5% to 10.2mn tonnes. Production is expected to rise on low base effects and in spite of low corn prices by historical standards.
* Cheese consumption growth to 2018: 20.4% to 1.8mn tonnes. Per capita cheese consumption, at 28.1kg, is on a par with France and Germany and higher than in northern European countries such as Sweden and the UK. Still, we see room for additional growth over the coming years.
* Poultry production growth to 2017/18: 10.4% to 1.4mn tonnes. Poultry is a relatively cheap meat; as such, we expect continued strong demand amid the tough economic climate.
* 2014 real GDP growth: 0.4 % year-on-year (y-o-y), compared with an estimated -1.9% in 2013.
* 2014 consumer price index: 0.8% average, slightly lower than 1.3% in 2013.
* BMI universe agribusiness market value: 5.2% y-o-y decline to US$48.7bn in 2013/14, forecast to grow on average 0.7% annually between 2012/13 and 2017/18.
Italian food company Barilla has significantly improved its financial position in recent years and is well placed to expand its pasta and bakery businesses. Following the challenging acquisition of German baker Kamst and the subsequent decision to sell part of the group to Czech company Agrifert in 2013, the company has significantly reduced its...
The Italy Agribusiness Report features Business Monitor International (BMI)'s market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.
BMI's Italy 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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