Morocco Agribusiness Q1 2020
With only a downward revision to our corn consumption forecasts, in this update we continue to hold a positive view onproduction and consumption growth across the four markets we track in Morocco's agribusiness sector. However, changeableweather conditions, with a drought restraining 2020 production prospects, as it did in 2016 and from which the industry has takentime to recover, translate into volatility in our outlook for output across our five-year forecast period. Our bullish view on the sector issupported by the government-initiated Green Morocco Plan, which is likely to see increased investment in an effort to reduce theindustry's weather-related production risks. Iin the key grains market, we highlight that continued investment and support from thegovernment will support marginal but softening output growth in the wheat market - the larger of the two grain sectors - over thenext five years.
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