DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/490948/cameroon_agribusin) has announced the addition of the "Cameroon Agribusiness Report Q3 2011" report to their offering.
Business Monitor International's Cameroon Agribusiness service provides proprietary medium term price forecasts for key commodities, including corn, wheat, rice, sugar, cocoa, coffee, soy and milk; in addition to newly-researched competitive intelligence on leading agribusiness producers, traders and suppliers; in-depth analysis of latest industry developments; and essential industry context on Cameroon's agribusiness service.
Market Outlook:
With the exception of sugar, this report anticipates strong production growth to 2015 for most of Cameroon's key agricultural sectors. Growth is expected to be particularly high in the case of cocoa and coffee; both sectors are benefiting from increased investment, improved industry fundamentals and better macroeconomic conditions. On the downside, disease and corruption are identified as key risks to the advancement of Cameroon's cocoa and coffee industries.
Meanwhile, the report also envisages positive consumption growth for all of Cameroon's agricultural sectors, with the exception of coffee for which demand will remain limited throughout the forecast period. Staple grains such as corn and sorghum will experience steady demand growth as Cameroon's population continues to expand. Demand growth will be supported by an economy that is predicted to expand at an average annual rate of 4.5% to 2015. Growing domestic demand for cocoa will be fuelled by rising disposable incomes and by the increased consumption of value-added processed products.
Key Industry Forecasts
- The report retains a core view that cocoa production will expand by 3.6% in the 2010/11 agricultural year; this will raise total output to over 205,000 tonnes. Over the long term, Cameroon's cocoa industry is expected to benefit from better crop management techniques, as well as from increased private and public sector investment. In the five years to 2014/15, BMI predicts that cocoa production will grow by 35% to surpass 267,000 tonnes.
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