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Follow on Google News | "Philippines Agribusiness Report Q4 2010" is now available at Fast Market ResearchNew Food and Beverage research report from Business Monitor International is now available from Fast Market Research
Key Views * Coffee Production Growth to 2013/14: 13% to 7.8mn bags. Government and private investment will help increase yields as new trees mature over the forecast period. Despite the growth, the country will not reach the government's planed self-sufficiency in the next few years. * Corn production growth to 2013/14: 20% to 8.1mn tonnes. Beyond a typhoon-weakened 2009/10 output, corn production is expected to recover and return to growth driven by improving yields and an expansion of the area under harvest due to the increasing production in the livestock sector which uses corn as feed. * Sugar production growth out to 2013/14: 33% to 2.8mn tonnes. Over our forecast period, we expect sugar output to keep expanding driven by improvements in yields and rising domestic demand. * 2010 Real GDP Growth: 4.9% (up from 0.9% in 2009; predicted to average 4% from now until 2014). * Consumer Price Inflation: 3.9% year-on-year (y-o-y) in July 2010 (down from 0.2% y-o-y in July 2009). Industry Developments Consumption of dairy products is extremely low in the Philippines given the size of its population. In 2009 fluid milk consumption reached 58,000 tonnes, up by 11.5% y-o-y. We have forecast an increase in consumption of 4.4% in 2010 taking consumption up to 60,560 tonnes of fluid milk. Over the remainder of our forecast period, we see fluid milk consumption growing by 20.7% (compared to 2009 levels) to just over 70,000 tonnes. This growth will be driven by rising incomes and increasing awareness of the health benefits of milk, as well as government action. However, this will still leave the Philippines well below consumption rates of other countries in the region. By 2013/14 we forecast rice production to reach almost 12.7mn tonnes, surpassing 2009 levels by over 18%. This will be fuelled by continued improvements in infrastructure and yields as the government looks to attain self-sufficiency. The Philippines' agreement with Thailand to purchase 367,000 tonnes of rice per year until 2015 while keeping the 40% import tariff will also encourage domestic producers who feared being unable to compete with cheaper imports. However, we believe the country's goal to become self-sufficient over that time remains unrealistic. Over our forecast period, we expect the livestock industry on the whole to see steady if unspectacular growth. Growth in demand for poultry will be strong over the period, but we see domestic output failing to keep up with demand, hampered by high costs and poor infrastructure. To 2014 we see poultry production growing by 13.3% from its 2009 level to 821,100 tonnes, meaning more of the country's needs will have to be supplied by imports. We forecast pork production to grow by 12.0% to 1.37mn tonnes driven by an increase in commercial farming, as well as rising domestic consumption. Cattle farming will remain marginal with beef production growing by 2.1% to 224,600 tonnes. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Philippines Agriculture SWOT - Philippines Political SWOT - Philippines Economic SWOT - Philippines Business Environment SWOT Industry Forecast Scenario - Philippines Coffee Outlook - Table: Philippines - Coffee Production & Consumption - Table: Philippines - Coffee Production & Consumption - Philippines Dairy Outlook - Table: Philippines - Milk Production & Consumption - Table: Philippines - Butter Production, Consumption & Trade - Table: Philippines - Cheese Production, Consumption & Trade - Table: Philippines - Whole Milk Powder Production, Consumption & Trade - Table: Philippines - Milk Production & Consumption - Table: Philippines - Butter Production, Consumption & Trade - Table: Philippines - Cheese Production, Consumption & Trade - Table: Philippines - Whole Milk Powder Production, Consumption & Trade - Philippines Livestock Outlook - Table: Philippines - Poultry Production, Consumption & Trade - Table: Philippines - Pork Production, Consumption & Trade - Table: Philippines - Beef & Veal Production, Consumption & Trade - Table: Philippines - Poultry Production, Consumption & Trade - Table: Philippines - Pork Production, Consumption & Trade - Table: Philippines - Beef & Veal Production, Consumption & Trade - Philippines Rice Outlook - Table: Philippines - Rice Production, Consumption & Trade - Table: Philippines - Rice Production, Consumption & Trade - Philippines Grains Outlook - Table: Philippines - Corn Production, Consumption & Trade - Table: Philippines - Corn Production, Consumption & Trade - Philippines Sugar Outlook - Table: Philippines - Sugar Production, Consumption & Trade - Table: Philippines - Sugar Production, Consumption & Trade Competitive Landscape - Table: Agricultural Commodity Producers & Traders - Table: Agribusiness Suppliers - Table: Integrated Agricultural Producers Commodity Price Analysis - Grains Update - Corn - Table: Corn - Rice - Table: Rice - Soybean - Table: Soybean - Wheat - Table: Wheat - Softs Update - Cocoa - Table: Cocoa - Coffee - Table: Coffee - Milk - Table: Milk - Sugar - Table: Sugar Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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