2014-02-07 23:43:02 - Morocco Agribusiness Report Q1 2014 - a new market research report on companiesandmarkets.com
Morocco´s agriculture sector holds significant potential, particularly the dairy, poultry and sugar industries. The dairy sector is benefiting from growing interest from international dairy companies and is likely to enjoy strong growth in the coming years. In the livestock segment, we expect increased government support and investment - backed by strong domestic demand - to help the industry to develop.
However, the lack of investment in modern infrastructure will hamper production growth in the short term.
Despite these hurdles, grain output will rebound strongly in 2013/14 after drought-like conditions led to a steep decline in production in the 2012/13 season.
Grains Share On The Rise Morocco - BMI Agribusiness Market Value By Commodity (% of total) Note: The Market Value is an addition
of all domestically produced commodities´ value (calculated by multiplying the production with the international benchmark prices, converted in US$/tonne); f = BMI forecast. Morocco Agribusiness Report Q1 2014 Â© Business Monitor International Page 7 Key Forecasts
- Wheat production growth to 2016/17: 29.9% to 7.5mn tonnes. Output growth will follow the steady growth in the country´s wheat consumption, a result of strong economic growth. Increased planting and productivity gains will also help to support production.
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