Turkey Agribusiness Report Q2 2018
We maintain a broadly positive outlook on Turkey's agribusiness sector. In particular in the sugar sector we see stronggrowth potential of the country's confectionary industry, and for livestock and grains there is evolving government support for thelivestock and grains sub-sectors in particular. This quarter has seen a number of revisions to our forecasts for production andconsumption in the Turkish agribusiness sector, with those to the upside outweighing those to the downside. We have revisedupwards our forecasts for rice and wheat production as well as for corn consumption across our newly-extended forecast period outto 2022. Meanwhile, we have revised downwards our forecasts for sugar production and our historical data for corn output in thisupdate too. Broadly speaking, however, we see 2018 as a further year of consolidation for the agribusiness industry, building on theturnaround in fortunes seen over the two previous years.
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