United Kingdom Agribusiness Report Q2 2015
Includes 3 FREE quarterly updates
NEW YORK, March 26, 2015 /PRNewswire/ -- BMI View:
We favour the grain, livestock and dairy industries in the UK because of good export opportunities and a strong domestic market. The UK will post strong growth in wheat production over the coming years, as we expect the grain to remain attractive in terms of prices relative to other crops. We believe that the dairy and sugar industries will increase production in the years following the ending of their respective production quotas.
Key Forecasts
- Wheat production growth to 2018/19: 36.7% to 16.3mn tonnes. We expect UK wheat production to grow at a strong pace, due to wheat price outperformance relative to other grains and ongoing demand from export destinations. In the short term, the UK will benefit from subdued exports from the Black Sea region.
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