Mozambique Agribusiness Q2 2018
Our relatively positive view on the agribusiness sector of Mozambique was strengthened this quarter. Mozambique'sagricultural production is currently recovering from the 2015/16 El Niño episode, the fallout of which weighed on the country'sagribusiness sector for the following crop year. We expect to see a return to growth in production in 2018. This view is on the backof a second consecutive upwards revisions of our forecasts for corn, poultry, and sugar output in this quarterly update, starting in2018 and for each full-year period through to the end of our newly-extended five-year forecast period in 2022. The country hasbeen attracting growing interest from foreign investors, and the industry will benefit from this trend in the coming years. AlthoughMozambique could tap into abundant and largely unexploited land and water resources, its production will not keep up with robustconsumption growth. Self-sufficiency regarding corn and poultry will slowly decrease in the coming years, leading to increasingreliance on imports.
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