United Kingdom Agribusiness Report Q4 2014 - New Market Research Report

From: Fast Market Research, Inc.
Published: Thu Oct 30 2014

We favour the grain, livestock and dairy industries in the UK because of good export opportunities and a strong domestic market. The country became a net importer of wheat in 2012/13 and 2013/14, but this will not be the case again in 2014/15. We see limited growth for the sugar industry, as we believe that the abolishment of the EU production quota in 2017 will see companies base their operations in higher- yielding areas.

Key Forecasts

* Wheat production growth to 2017/18: 19.5% to 15.9mn tonnes. We expect the UK wheat industry to face challenges in the near term owing to increased competition for exports from the Black Sea region, decreasing direct payments to farmers as a result of Common Agricultural Policy (CAP) reform, and poor economies of scale on the back of a shift of EU ethanol policy towards non-food biofuels.
* Poultry consumption growth to 2018: 5.2% to 1.9mn tonnes. Poultry meat is often viewed as a cheaper and healthier alternative to beef, for which consumption per capita is largely saturated.
* Milk production growth to 2017/18: 7.7% to 14.9mn tonnes. We expect production to post moderate growth ahead of the 2015 quota repeal; however, we note that EU CAP reforms could make UK farmers less competitive.
* Real GDP growth: 2.6% year-on-year (y-o-y) in 2014 (from 1.7% y-o-y in 2013).
* Consumer price inflation: 2.0% y-o-y in 2014 (down from 2.6% y-o-y in 2013).
* BMI universe agribusiness market value: 2.6% y-o-y decline, to USD26.1bn in 2013/14, forecast to rise 1.7% on average annually between 2014/15 and 2017/18.

Full Report Details at
- http://www.fastmr.com/prod/888062_united_kingdom_agribusiness_report_q4_2014.aspx?afid=303

Industry Outlook

The UK will record a strong wheat harvest in 2014/15 of 14.3mn tonnes, up 20.0% year-on-year (y-o-y). This is mainly on the back of favourable weather leading to strong yields and a good harvest season. While quality issues are a big concern for EU-28 wheat production, we believe that the UK will not be affected as much as...

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

BMI's United Kingdom 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.

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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.

You may also be interested in these related reports:

- United Kingdom Food & Drink Report Q4 2014
- The Future of the Pasta and Noodles Market in the United Kingdom to 2017: Market Size, Distribution and Brand Share, Key Events and Competitive Landscape
- The Future of the Syrups and Spreads Market in the United Kingdom to 2018
- The Future of the Seasonings, Dressings and Sauces Market in the United Kingdom to 2018
- The Future of the Soups Market in the United Kingdom to 2018

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