Mozambique Agribusiness Report Q4 2012Published by: Business Monitor International Published: Oct. 10, 2012 - 65 Pages Table of Contents
AbstractBMI View: According to the Ministry of Agriculture, Mozambique still requires investment of US$3.1bnbetween 2013 and 2017 to ensure that the country is self-sufficient in food. Of the utmost importance isboosting agricultural productivity by improving irrigation, and introducing technology to small-scalefarmers. The government has also highlighted the need to improve food and nutritional safety andfacilitating more agricultural reform. Our optimism about Mozambique's agriculture industry largelyhinges on the government's continued support for the sector.Key Forecasts Sugar production growth to 2015/16: 48.2% to reach 489,000 tonnes. As one ofMozambique's key cash crops, long-term sugar production growth will reflect an increase inexport-driven demand and the opening up of new markets; output is also expected to benefitfrom investment in biofuels. Poultry consumption growth to 2015/16: 32.2% to 56,700 tonnes. Among the factorsunderpinning our strong growth expectations are Mozambique's expanding population and thecountry's rising standards of living. Mozambique's population is predicted to grow by 11.7%over the five years to 2016, to 26.7mn; GDP per capita is forecast to increase from US$634 in2012 to US$986 in 2016. Corn production growth to 2016: 14.8% to 2.40mn tonnes. Corn will remain one ofMozambique's most important food crops; it will also retain its status as an important source offeed for poultry and livestock. However, despite benefiting from efforts to raise productionlevels, the crop will remain vulnerable to variations in rainfall. Real GDP growth: 7.5% in 2012 (up from 7.3% in 2011); projected to average 8.6% over thefive years to 2016. Key Views And Developments A group of Chinese businessmen from Hubei province have signed a US$250mn deal with the authoritiesfrom the state-owned Lower Limpopo Irrigation Scheme to help to develop the region's water irrigationand boost productivity within an area of agricultural land covering 12,000 hectares (ha). The initiative ismostly being undertaken with the view towards increasing wheat and rice production from the currentlevel of 3.0 tonnes/ha to about 10 tonnes/ha. The partnership will be significant given that the LowerLimpopo system is the second largest irrigation scheme in the country. South African sugar producer TSB is building a sugar mill in the Mopeia district of Mozambique. Theplantation will be nearly 30,000ha and produce nearly US$400,000 worth of sugar for the domestic andexport markets. By 2018, it aims to employ more than 30,000 people and produce 500,000 tonnes ofsugar per year, making it the largest sugar-producing factory in Mozambique. Get full details about this report >> |
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