Cote d`Ivoire Agribusiness Report Q2 2016
BMI View: The Ivorian cocoa sector will post modest growth over the coming years, the result of high prices encouraging greater input use. Sector reforms, including a minimum set price paid to farmers, will also help production improve. However, the sector will remain fragmented over the coming years, and reduced smuggling from Ghana due to reduced currency depreciation will keep production growth in Côte d'Ivoire subdued. The palm oil sector will also face long-term structural challenges, and Cote d'Ivoire will remain a net palm oil exporter over the coming years. Key BMI Forecasts
Cocoa production average growth 2014/15 to 2019/20: -1% to 1.63mn tonnes. Cocoa production will stagnate over the coming years as low prices discourage growth in input use, while a stabilising Ghanaian cedi will limit smuggling from Ghana.
2016 real GDP growth: 8.7% (up from an estimated 9% in 2015).
2016 consumer price inflation (average): 2.0% (up from 1.5% in 2015).
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