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Follow on Google News | New Market Research Report: Egypt Agribusiness Report Q1 2011New Food and Beverage market report from Business Monitor International: "Egypt Agribusiness Report Q1 2011"
Key Trends * Milk production growth to 2014/15: 14% to 1.8mn tonnes. A number of larger-scale farms are slowly starting to appear and we expect investment in the dairy sector to improve production in the coming years, driven by strong demand. * Rice consumption growth to 2015: 13% to 4.6mn tonnes. As the population becomes more affluent, rice consumption will increasingly replace wheat, particularly once the global economic outlook improves. * Poultry consumption growth to 2015: 14% to 634,000 tonnes. Poultry meat is the main source of protein for the majority of the population, with consumption expected to grow in line with population growth and rising disposable incomes. * 2010 Real GDP Growth: 4.9% (up from 4.7% in 2009; predicted to average 5.2% from 2010 until 2015). * Food And Beverage Price Inflation: 17% year-on-year in July 2010 (up from 13% y-o-y in July 2009). Industry Developments Although Egypt is one of the world's largest wheat importers, the country appears able to withstand the rise in wheat prices. This is partly because it can maintain its subsidy programme designed to soften the blow of price increases. Moreover, the country is forecast to have over 4mn tonnes of wheat ending stocks in 2010/11, which is high by recent historical standards. The elevated supply of wheat has meant that domestic food price inflation has actually decreased in recent months. Finally, the currency has traded flat over the last few months, which has mitigated the rising cost of imports. In a bid to counter rising prices of meat and poultry, the Egyptian government is trying to increase the supply of poultry in the market. This is being done by encouraging imports, ostensibly by exempting them from insurance premiums normally required for all imports. Although the decision to support importers should help in the short term, it does not address some of the underlying issues of the poultry sector. In particular, given that wheat is a staple good in the country, there is still some popular opposition to using grains for feed as opposed to food consumption. The beef industry took a hard hit between 2004/05 and 2009/10, with production falling by 36%, due in large part to rising prices causing consumers to switch to poultry. However, we expect production to record a strong recovery on the back of rising demand and government initiatives. As beef becomes increasingly popular among Egyptian consumers and as profit margins begin to look more attractive, local producers will take the opportunity to cater to such demand growth. Consequently, we are currently forecasting an increase in production of 31% to 426,000 tonnes by 2014/15. Despite the growth, the country should remain in a supply deficit over the forecast period. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Egypt Agricultural SWOT - Egypt Political SWOT - Egypt Economic SWOT - Egypt Business Environment SWOT Industry Forecast Scenario - Egypt Rice Outlook - Table: Egypt -Rice Production, Consumption & Trade - Table: Egypt - Rice Production, Consumption & Trade - Egypt Livestock Outlook - Table: Egypt - Poultry Production, Consumption & Trade - Table: Egypt - Beef & Veal Production, Consumption & Trade - Table: Egypt - Poultry Production, Consumption & Trade - Table: Egypt - Beef & Veal Production, Consumption & Trade - Egypt Sugar Outlook - Table: Egypt - Sugar Production, Consumption & Trade - Table: Egypt - Sugar Production, Consumption & Trade - Egypt Dairy Outlook - Table: Egypt - Milk Production & Consumption - Table: Egypt - Butter Production, Consumption & Trade - Table: Egypt - Cheese Production, Consumption & Trade - Table: Egypt - Whole Milk Powder Production, Consumption & Trade - Table: Egypt - Milk Production & Consumption - Table: Egypt - Butter Production, Consumption & Trade - Table: Egypt - Cheese Production, Consumption & Trade - Table: Egypt - Whole Milk Powder Production, Consumption & Trade - Egypt Grains Outlook - Table: Egypt - Wheat Production, Consumption & Trade - Table: Egypt - Corn Production, Consumption & Trade - Table: Egypt - Wheat Production, Consumption & Trade - Table: Egypt - Corn Production, Consumption & Trade Competitive Landscape - Table: Agricultural Commodity Producers & Traders - Table: Agribusiness Suppliers - Table: Integrated Agricultural Producers Commodity Price Analysis - Softs Update - Cocoa - Table: Cocoa - Coffee - Table: Coffee - Milk - Table: Milk - Sugar - Table: Sugar - Grains Update - Corn - Table: Corn - Rice - Table: Rice - Soybean - Table: Soybean - Wheat - Table: Wheat Downstream Supply Chain Analysis - Industry Forecast Scenario - Consumer Outlook - Food - Food Consumption - Table: Food Consumption Indicators - Mass Grocery Retail - Table: Mass Grocery Retail Sales - Table: Grocery Retail Sales By Format (%) -- Historical Data & Forecasts - Trade - 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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