Zimbabwe Agribusiness Q1 2019
Our outlook for the agribusiness market in Zimbabwe remains largely positive over our five-year forecast period. We havemade a series of revisions, both upwards and downwards, to our forecasts this quarter. However, our key views for the sector remainintact. We expect the country to remain a net corn importer over the long term, despite a near-record 2016/17 crop and the deficitgap slowly narrowing through to 2022. Over the next five years, we expect the production of the grain to be volatile. The sugarsector will also struggle following the end of EU production quotas. Consequently, although we project a domestic sugar marketsurplus, our forecasts are relatively subdued despite our expectations for higher average prices than current levels in the comingyears.
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