Business Opportunities in Agriculture: 150 Field Interviews (Book)

India Agribusiness Report

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The India Agribusiness Report features Business Monitor International's market assessment and independent 5-year forecasts covering the supply and demand outlook for the livestock, dairy, grains, rice, sugar, edible oils, coffee and cocoa sectors. ( India Agribusiness Report - Business Market Reports )

Business Monitor International's Agribusiness service also 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, such as the background macroeconomic outlook and the downstream supply chain.

Key Benefits
Use BMI's independent 5-Year industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.

Apply BMI's medium term commodity price forecasts to assist with budgetary planning and the identification of investment opportunities and potential risks

Exploit latest competitive intelligence on your competitors and peers in Asia, Europe, Latin America, the Middle East and Africa through our company rankings and analysis.

Executive Summary

In BMI's India Agribusiness Report for Q3 2009 we introduce the new Soybean Outlook. Production of soybean has grown rapidly over the past two decades, expanding from less than 2mn tonnes at the end of the 1980s to more than 10mn in 2008. This has been driven by both rising demand for soybean oil for food use and meal for animal feed. India is now able to annually export a significant quantity of soybean meal, but is reliant on imports for more than a third of annual soybean oil consumption. While we expect soybean production to fall this year owing to poor weather conditions, over our forecast period to 2013 we see production continuing to grow rapidly. This will be driven by strong growth in the domestic livestock sector and the livestock sectors in other countries in the region, notably China.

The run up to May's general election - won by the Congress Party led by Rahul Ghandi - loomed over agricultural policy through the final quarter of 2008 and the first quarter of this year. The national and state governments were unwilling to put forward any policies that could see them lose favour with the rural masses. This has seen generous market support prices put in place when market prices were high last year.

Market prices have since fallen fast and are now below the support prices for wheat, rice, corn and cotton among other commodities. Government procurement of crops has also been moving swiftly, as policy makers are keen to buy enough produce at the support prices to keep farmers happy. This has led to severely increased grain stocks. After wheat procurement got underway in April and May, stocks can be expected to only get higher and there are concerns about where the Food Corporation of India will be able to store its burgeoning reserves.

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Business Opportunities in Agriculture: 150 Field Interviews (Book)

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