Turkey Agribusiness Q3 2018
Despite a number of revisions to our forecasts this update we maintain a broadly positive outlook on Turkey'sagribusiness sector following more revisions to the upside than to the downside. We have seen our forecasts for sugar, poultry,corn and barley consumption, and for poultry and barley production revised upwards this quarter. We have also seen downwardsrevisions in our forecasts for both beef and corn production. In terms of our broadly bullish view, we point to the sugar sector inparticular as having strong growth potential thanks to the country's confectionary industry. Beyond sugar, in livestock and grainsthere is evolving government support for both sub-sectors. Broadly speaking, however, we see 2018 as a further year ofconsolidation for the agribusiness industry, building on the turnaround in fortunes seen over the two previous years following the2014/15 drought.
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