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Nigeria Agribusiness Report Q2 2016

Nigeria Agribusiness Report Q2 2016

BMI View: We take a mixed view of the Nigerian agribusiness sector. The cocoa industry assumes agreater importance in the country's medium-term economic future now that oil revenues can no longer berelied upon as an easy source of foreign exchange. We remain cautiously optimistic that cocoa plantationsand processing facilities will continue to receive the public and private sector support needed to moveforward. Poultry, dairy, sugar, rice and wheat consumption are expected to continue to depend very largelyon imports to meet demand, although a much greater percentage of demand for each of these commodities(apart from wheat) could potentially be met by local production. Poor infrastructure, lack of access toinputs and basic technology, fragmentation and a lack of access to finance and expertise are among thefactors that lead us to take a pessimistic view of the medium-term prospects for self-sufficiency.

Key BMI Forecasts

Cocoa production growth to 2019/20: 63.2% to 309,800 tonnes. Global prices will remain sufficientlyelevated to stimulate investment from government and private sector bodies.

Corn consumption growth to 2020: 7.6% to 8.1mn tonnes. Weaker demand from the livestockindustry will hold down consumption growth.

2016 real GDP growth: 3.8% (up from 3.3% in 2015).

2016 consumer price inflation (ave): 9.2% (down from 9.1% in 2015).


BMI Industry View
SWOT
Agribusiness
Industry Forecast
Cocoa Outlook
Table: Nigeria
Cocoa Production & Consumption Outlook
Table: Risks To Outlook
Table: Cocoa Production & Consumption (Nigeria 2012
2020)
Rice Outlook
Table: Nigeria
Rice Production & Consumption Outlook
Table: Risks To Outlook
Table: Rice Production & Consumption (Nigeria 2012
2020)
Livestock And Dairy Outlook
Table: Nigeria
Poultry Production & Consumption Outlook
Table: Nigeria
Pork Production & Consumption Outlook
Table: Nigeria
Milk Production & Consumption Outlook
Table: Risks To Outlook
Table: Poultry Production & Consumption (Nigeria 2012
2020)
Table: Pork Production & Consumption (Nigeria 2012
2020)
Table: Milk Production & Consumption (Nigeria 2012
2020)
Grains Outlook
Table: Nigeria
Wheat Production & Consumption Outlook
Table: Nigeria
Corn Production & Consumption Outlook
Table: Risks To Outlook
Table: Wheat Production & Consumption (Nigeria 2012
2020)
Table: Corn Production & Consumption (Nigeria 2012
2020)
Sugar Outlook
Table: Nigeria
Sugar Production & Consumption Outlook
Table: Risks To Outlook
Table: Sugar Production & Consumption (Nigeria 2012
2020)
Commodities Price Analysis
Global Commodities Strategy
Table: Select Commodities
Performance And BMI Forecasts
Upstream Analysis
Africa Machinery Outlook
Table: How Africa Compares With Other Regions
Table: Farm Size By Region (2012)
Africa GM Outlook
Table: Farm Size By Region
Africa Fertiliser Outlook
Downstream Analysis
Food
Regional Overview
Middle East & Africa Regional Overview
Competitive Landscape
Table: Main Agribusiness Players
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Nigeria 1990
2025)
Table: Key Population Ratios (Nigeria 1990
2025)
Table: Urban/Rural Population & Life Expectancy (Nigeria 1990
2025)
Table: Population By Age Group (Nigeria 1990
2025)
Table: Population By Age Group % (Nigeria 1990
2025)
Methodology
Industry Forecast Methodology
SectorSpecific Methodology

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