NEW YORK, Jan. 15, 2015 /PRNewswire/ -- Includes 3 FREE quarterly updates
BMI View: China's weight in the global agricultural sector is growing, as the country has an increasing impact on international production balances and prices. In particular, we highlight the growth potential for sugar, dairy and meat products as China maintains its strong appetite for key commodities. High demand growth, strong government support and potential for investment and consolidation in these industries will help them outperform in the coming years. However, the agribusiness sector is going through challenging times as GDP slows, consumer trust in food safety dwindles, food ingredient prices rise, labour costs soar and bank loan requirements for small-sized enterprises tighten. This is best seen in the probe led by the government into foreign dairy companies' price-fixing schemes, which led to a record fine for top producers.
- Corn production growth to 2017/18: 18.0% to 242.5mn tonnes. Output expansion will be driven by steady improvements in corn yields, the probable adoption of GM corn in the coming years and sustained public support.
- Pork production growth to 2017/18: 16.0% to 63.9mn tonnes. Increased production continues to be encouraged on the back of elevated local livestock prices. The increased availability of vaccinations and the ongoing commercialisation of the industry are also likely to boost output.
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