(MENAFNEditorial)
The longer term picture for cocoa remains positive and it is encouraging for the profitability of the segment that investment continues to pour into the domestic processing industry. We take a much dimmer view of coffee production which we expect to stagnate as prices are set to become even less enticing for growers. While the continuing controversy over Justin Sugar Mills raises questions over the investment climate for sugar new bidders have emerged willing to take on SOSUCAM's monopoly.
Key Forecasts
* Corn consumption growth to 2018/19: 19.1% to 2.0mn 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 2018/19: 45.9% to 306000 tonnes. Higher prices and increased government and private investment will drive the sector forwards.
* BMI universe agribusiness market value growth: 4.8% to USD7.2bn in 2015 (up from USD6.9bn in 2014; forecast to grow by an annual average rate of 6.5% to USD9.5bn in 2019).
* 2015 real GDP growth: 4.0% (estimated at 5.1% in 2014; forecast to grow by an annual average rate of 5.2% between 2014 and 2019).
* 2015 consumer price inflation: 2.6% average (3.2% in 2014).
Full Report Details at
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Key Revision To Forecast
* Coffee production growth to 2018/19: -0.4% to 411000 60kg bags (compared to a previous forecast of 543000 60kg bags). Low prices will encourage farmers to turn instead to food crops.
* Corn consumption growth to 2018/19: 19.1% to 2.02mn tonnes (compared to a previous forecast of 2.32mn tonnes).
Industry Developments
Cameroon has raised export levies on cocoa and coffee effective from the start of the 2014/15 season. The new taxes are set at XAF150/kg and XAF100/kg for cocoa and coffee respectively. The government has pledged the funds to support the Cocoa and Coffee Sectors Development...
The Cameroon Agribusiness Report features BMI Research'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.
Coverage
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.
BMI Supply & Demand Forecasts
Divided into sections based on various diverse sectors in the agriculture market the chapter provides insight into each market’s agricultural industry centred on sector forecasts to end-2019 for the consumption production and trade of key commodities.
* Consumption Forecasts: Accompanied by a discussion of the main drivers of consumption growth: macroeconomic factors food processing trends price movements and increasingly demand from the non-food sector.
* Production Forecasts: Examine the trends influencing BMI’s production outlook: global demand price increases public and private sector investment and agricultural efficiency improvements.
* Trade Forecasts: Accompanied by a discussion of the factors influencing a country’s trade in agricultural goods including domestic demand global prices and government trade policies.
* BMI’s Forecasts: Accompanied by a risks-to-outlook assessment which examines potential factors that could affect our existing forecast picture and the likelihood of their occurrence.
BMI’s Commodity Price Analysis
Fundamental and technical analysis of the short- and medium-term price outlook for eight agricultural commodities based on globally recognised benchmarks.
Downstream Analysis
Analysis of headline food and drink forecasts including total food consumption per capita food consumption and total sector trade which provide important downstream intelligence for primary agricultural producers.
Featured Analysis
Includes relevant articles from BMI’s daily analysis service. These can include: long-term projections on agricultural imports and exports; our perceptions of the impacts of economic slowdown on key companies and subsectors within the Agribusiness industry in a given country; our analysis of fertilizer production; as well as other relevant analysis of recent news and events.
Competitive Landscape
The reports contain information on prominent companies operating in each market.
Key Commodities Covered By The Agribusiness Market
Reports Include: Grains Dairy Livestock Rice Sugar Palm Oil Edible Oils Coffee Cocoa Cotton Soybean
Please note – not all reports cover all commodities.
Sources
The Agribusiness reports draw on an extensive network of primary sources such as multilateral organisations government departments industry associations chambers and company reports.
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