DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e63129/china_agribusiness) has announced the addition of the "China Agribusiness Report Q4 2011" report to their offering.
China 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 China's agribusiness service.
China's agriculture industry will continue to be strongly affected by government policies in its drive to ensure national food security. However, in our view, the industry will constantly be fraught with food-quality scandals which result in jittery consumer confidence in locally produced products. While rapid consolidation of the livestock and dairy sectors should boost economies of scale in production, we still foresee growing production deficits in dairy and meat products as consumption outstrips demand over our five-year forecast period.
Key Forecasts
- Wheat consumption growth to 2015: 6.0%. The modest growth figure in wheat consumption is a result of low base effects.
- Pork and poultry consumption growth to 2015: 33.5% and 28.4% respectively. Continued consolidation of the Chinese meat industry should support large-scale production and increase economies of scale in production so as to meet the growing demand of a national diet that is increasing its protein intake.
- Whole milk powder consumption growth to 2015: 30.1% to 1.6mn tonnes. Whole milk powder consumption will be the outperformer among the dairy products as more consumers take to the cheap and easily stored milk product.
- 2011 real GDP growth: 9.2%
- 2011 forecast consumer price inflation : 5.6% ave (higher than 2010 at 3.3%)
- 2011 forecast Central Bank policy rate: 6.8% ave (higher than 5.8% in 2010)
Companies Mentioned:
- China Mengniu Dairy Company Limited
- Sichuan New Hope Agribusiness Co., Ltd
For more information visit http://www.researchandmarkets.com/research/e63129/china_agribusiness