Zimbabwe Agribusiness Q4 2019
Our outlook for the agribusiness market in Zimbabwe remains largely positive over our five-year forecast period. We havemade a series of revisions to our forecasts this quarter. However, our key views for the sector remain intact. We expect the countryto remain a net corn importer over the long term despite a near-record 2016/17 crop and the deficit gap slowly narrowing throughto 2023. Over the next five years, we expect the production of the grain to be volatile. The sugar sector will also struggle followingthe end of EU production quotas. Although we project a domestic sugar market surplus, our forecasts are relatively subdued despiteour expectations for higher average prices in the coming years.
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