New Report Available: Ghana Agribusiness Report Q4 2014

From: Fast Market Research, Inc.
Published: Mon Aug 25 2014

The storm clouds which were gathering over the Ghanaian cocoa sector have been at least temporarily lifted by the news that the regulator COCOBOD will continue to offer support to the sector in collaboration with the government. The free inputs and better infrastructure promised would enable cocoa farmers to make the most of a seller's market of tight supplies and galloping demand. Similar support for corn growers will enable continued improvements in yield, admittedly from a very low base. On the demand side, persistently high inflation will continue to squeeze spending power even in the face of steady economic growth. Meat consumption is likely to be particularly vulnerable to any further spikes in inflation and local poultry producers will require more than import restrictions to help them cope with high feed costs.

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Key Forecasts

* Cocoa production growth to 2017/18: 41.7% to 1.2mn tonnes. While some of this growth will be due to base effects, the government has committed to supplying free inputs and improving infrastructure and we also expect significantly higher cocoa prices over the medium term.
* Corn production growth to 2017/18: 6.8% to 2.0mn tonnes. Ghanaian corn yields remain low in relative terms, with production still dominated by smallholders making limited use of fertilisers, mechanisation, improved seeds and post-harvest facilities. We expect government and NGO support to improve the situation and, while growth will not be outstanding, it should be noted that 2012/13 was an exceptional year.
* 2014 real GDP growth: 4.7% (down from an estimated 7.1% in 2013; predicted to average 6.2% from 2014 to 2018).
* 2014 consumer price inflation (eop): 12 .1% (down from 13.5% in 2013).

Industry Developments

Financial difficulties at the country's main cocoa regulator (COCOBOD) had led to fears that it would have to reduce support to cocoa growers in order to stay...

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

BMI's Ghana 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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Contact Name: Bill Thompson
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