DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/fbe1d5/kenya_agribusiness) has announced the addition of the "Kenya Agribusiness Report Q1 2012" report to their offering.
BMI View: In this report, BMI unveils its newly created forecasts for grains, sugar and coffee in Kenya. BMI is more positive about the sugar and coffee sectors on the back of better government support for both crops. Indeed, the government recently embarked in sugar mill privatisations, which should help improve productivity in the sector. The coffee sector began showing improvements in 2011 as the government introduced new coffee varieties to improve production through better disease prevention; it also increased financial aid for farmers. However, in the medium term, the country's agricultural sector will be vulnerable to weather patterns. A potential return of La Nia in 2011/12 could cause more droughts in the region, affecting yields and potentially reigniting food security worries, especially for grains.
Key Views
- Sugar production growth to 2015/16: 28.0% to 668,530 tonnes. As the government implements a number of sector reforms, among them privatisation of sugar mills, production growth will be driven by increased investment and competition in the sector.
- Wheat consumption growth to 2015/16: 38.1% to 1.5mn tonnes. This will be a function of improved farming methods, domestic demand and the eventual introduction of genetically modified seeds. The country has historically shunned the use of the seeds, but in recent years has shown heightened interest.
- Coffee production growth to 2015/16: 26.7% to 950,000 tonnes. Growth will be driven by increased financial support from the government in the form of funds and debt relief. Also, new coffee varieties planted should help to boost yields.
- 2012 real GDP growth: 5.0% (up from 4.1% in 2011; predicted to average 5.3% from 2011 until 2016).
- Consumer price inflation: 14.0% year-on-year (y-o-y) in 2012 (up from 12.5% y-o-y in 2011).
For more information visit http://www.researchandmarkets.com/research/fbe1d5/kenya_agribusiness