We have revised downwards our forecasts for both beef production and consumption in Guatemala for ---- and for each full-year period through to ----. We now see production closing ---- at --,--- tonnes (down by - y-o-y), before remaining flat through our forecast period and remaining at a level of --,--- tonnes in ----. ...We now see demand reaching ---,--- tonnes in ---- before accelerating by a yearly average of -.- across the forecast period to now close ---- at a level of ---,--- tonnes. � Nicaragua remains the fastest growing producer across the region for the second consecutive quarter with an annual average growth rate of -.- across our forecast period to ----, although this has been revised marginally downwards from -.- in our last quarterly update. We are now forecast output to reach a level of ---,--- tonnes in ---- and ---,--- tonnes in ----. ...We are now forecast output to reach a level of ---,--- tonnes in ---- and ---,--- tonnes in ----. � ---- real GDP growth (regional average): -.- (down from -.- in ----) � ---- consumer price inflation (regional average): -.- (up from -.- in ----)
...We have revised downwards our forecast for beef consumption in Costa Rica for ----. We now see demand reaching a level of --,--- tonnes in ----, flat y-o-y with ----. ...We now see demand reaching a level of --,--- tonnes in ----, flat y-o-y with ----. Since our last quarterly update, we have revised upwards our forecast for beef consumption in El Salvador for ----, ----, and for each full-year period through to the end of our forecast period in ----. We not see demand reaching a level of --,--- tonnes in ---- (flat from ----) and --,--- tonnes by ---- (flat from ----). ...We have revised upwards our forecast for pork consumption in Honduras for ----. We now see demand reaching a level of --,--- tonnes in ----, an increase of -- y-o-y from ----.
...Risk Factor Short term Like many growing emerging markets livestock sectors, production growth in Central America has often been coupled with safety concerns. Disease is also a problem owing to poor knowledge and training among many smaller operators. ...
