Tanzania Agribusiness Report - Business Monitor International - Industry Reports

Tanzania Agribusiness Report

Tanzania Agribusiness Report - Business Monitor International - Industry Reports
Tanzania Agribusiness Report
Published Oct 08, 2016
67 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

In our last quarterly update we revised upwards our growth forecasts for sugar production out to ----/-- as the government s plan to raise duty imports on sugar will help protect local factories and slowly reduce the country s dependence on imports. We continue to forecast sugar production to reach ---,--- tonnes in ----/--, in line with production levels for ----/-- level. ...Thanks to government support for the sector and the sharp downturn in output in ----/-- we believe there is plenty of upside potential for growth. We have revised downwards our growth forecast for coffee consumption across the duration of our forecast period to ----/-- to reach a level of --,--- --kg bags. ---- real GDP growth: -.- y-o-y (down from an estimated -.- in ----, and up marginally from -.- for ---- in our last quarterly update). ...---- real GDP growth: -.- y-o-y (down from an estimated -.- in ----, and up marginally from -.- for ---- in our last quarterly update). ---- consumer price inflation: -.- y-o-y (down from an estimated -.- in ---- and from our forecast of -.- from ---- in our last quarterly update).

...Corn production will decline in ----/--, the first of two consecutive years that we are forecasting output to contract. However, strong demand from the domestic and export markets will maintain elevated local prices. ...We hold a positive outlook for the Tanzanian rice sector. Nevertheless, we hold the opinion that rice farming in Tanzania is largely undertaken by small farmers with basic know-how, very limited infrastructure capabilities and using traditional seed varieties. Rising income levels out to ---- will stimulate rice consumption at the expense of more basic staples such as corn and cassava. ...Rising income levels out to ---- will stimulate rice consumption at the expense of more basic staples such as corn and cassava. Towards the end of our forecast period, rice output may begin to benefit from the renewal of rice exports by the Tanzanian government to countries in the Southern African Development Community and East African Community - a policy announced in September ----.

...The agricultural sector is vital to national well-being, employing around -- of the working population, accounting for -- of exports and contributing to around -- of the country s GDP. On a national level, Tanzania is generally self-sufficient in corn, its most important food crop; several regions frequently produce a surplus of the grain, and the country exports to neighbouring states such as Kenya. ...

  
Source:
Document ID
2044-5733
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Tanzania Agribusiness Report" Oct 08, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Tanzania-Agribusiness-Report-2026-1480>
  
APA:
Business Monitor International - Industry Reports. (2016). Tanzania Agribusiness Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Tanzania-Agribusiness-Report-2026-1480>
  
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