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New Market Research Report: Canada Agribusiness Report Q3 2011

New Food and Beverage research report from Business Monitor International is now available from Fast Market Research

 
PRLog - Jul. 22, 2011 - BMI View: Canadian agricultural production will continue to experience only moderate growth over the  medium term, largely due to increasing competition for export markets and relatively small domestic  demand growth. The government is helping the sector through both investments in production (for beef)  and tariffs for imports (poultry). However, beef production is forecast to decline over the medium term,  while poultry production will still not run a surplus in 2014/15. Indeed, only corn and soybean show  potential for significant growth over the medium term - mainly due to increasing poultry production. One  bright spot, however, will be the increasing growth of the country's value-added dairy sector.  Wheat production growth to 2014/15: 2% to 25mn tonnes. This will mainly be due to greater export  competition from new global players, particularly Russia, as well as some farmers switching to soybean  production due to its hardier nature.  Sugar consumption growth to 2015: -5% to 1.4mn tonnes. This will largely come from government  efforts to lower sugar consumption on the back of rising obesity concerns.  Poultry production growth to 2014/15: 11% to 1.34mn tonnes. This will come from consumption  increases due to the perceived healthier nature of poultry, along with greater export opportunities, which  have been rising in recent years. Canada will likely remain a net poultry importer over the medium term,  with a quota system currently in place to manage those imports.  2010 Real GDP Growth: 3.1% (up from -2.6% in 2009; predicted to average 2.8% from 2010 until  2015).    Industry Developments  In an effort to help the struggling beef sector, the Canadian government announced a raft of initiatives.  Among these, it established a CAD3mn fund to support the beef industry. The investment, which follows  the Government of British Columbia (BC)'s CAD2mn investment that will fund projects recommended  by BC's Ranching Task Force, will aid the sector through developing new marketing opportunities to help  farmers and food processors increase their revenues. Another initiative is the joint Abattoir  Competitiveness Program, which will provide CAD25mn to help Canadian cattle slaughterhouses  maintain critical capacity for two and a half year old calves.  In 2010/11, we are forecasting pork production to fall slightly again to 1.83mn tonnes. One factor for this  is a generally favourable outlook for the Canadian economy has put pressure on the Canadian central  bank to lift interest rates, which should strengthen the Canadian dollar. This could lead to exports being  less competitive. This is especially concerning since most of Canada's exports go to the United States,  which is experiencing a weakened dollar on the back of the Federal Reserve Bank's decision to inject  further liquidity into the market in early November.    Between 1999 and 2003, an estimated 61% of total immigrants came from Asia. By 2017, it is expected  that 22% of Canadians will have been born outside the country. By 2031, immigrants from South Asia,  including India, Pakistan and Bangladesh, will become the country's largest visible minority group in  Canada at 28%. These groups will continue to introduce new trends to Canadian cuisine and up to now  consumers have shown a preference for many of the ethnic foods that these groups have brought. This  will lead the country to have strong rice consumption growth over the medium term.
About Business Monitor International

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Full Report Details at
- http://www.fastmr.com/prod/208435_canada_agribusiness_rep...
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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/catalog/publishers.aspx?pubid=1010

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.

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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.

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Source:Fast Market Research
Phone:1.800.844.8156
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State/Province:Massachusetts - United States
Industry:Food, Restaurants, Research
Tags:Canadian, poultry, beef, soybean, dollar, bank, Asia, food, immigrants, fund
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