DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f3mn2q/russia_agribusines) has announced the addition of the "Russia Agribusiness Report Q1 2012" report to their offering.
Business Monitor International's Russia 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 Russia's agribusiness service.
BMI View: Russia ended its grain export ban on July 1 2011 on a bumper grains crop, which should significantly loosen supply on global wheat markets and help prices to moderate. Indeed, developments in H211 suggest a promising picture in terms of strong exports, and BMI do not expect large importers such as Egypt to experience difficulty finding grains supply on markets in 2011/12. This should help Russia to retake its place as one of the world's largest wheat exporters. In line with this, BMI see the Russian livestock sector recovering quickly as feed prices have moderated and government support to the sector continues.
Key Forecasts?
- Wheat production growth to 2015/16: Expected growth of 75.2% to 72.7mn tonnes as yield gains and better access to export markets in Asia boost wheat production in the medium term.?
- Corn consumption growth to 2015/16: Expected growth of 44.0% to 6.5 tonnes owing to the expansion of the livestock industry, especially poultry, and resulting demand for feed.?
- Poultry production growth to 2015/16: Expected growth of 81.4% to 4.6mn tonnes. This should come on strong domestic demand and government initiatives to ensure a domestic production surplus. Specifically, the government is implementing programmes to improve the country's slaughter and processing capabilities.?
- 2012 real GDP growth: 3.2% (down from 3.3% in 2011; predicted to average 4.2% from 2011- 2016).
- Food price inflation: 6.4% in September 2011 (down from 8.7% in September 2010).
For more information visit http://www.researchandmarkets.com/research/f3mn2q/russia_agribusines