Thursday, 17 October 2013

United Kingdom Agribusiness Report Q4 2013

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United Kingdom Agribusiness Report Q4 2013
Oct 16th 2013, 00:00

Price: $ 1295  

BMI View: We continue to favour the grain and livestock industries in the UK because of good export opportunities and a strong domestic market. The country became a net importer of wheat in 2012/13, and this could still be the case in 2013/14. However, we believe this will be temporary and continue to expect the UK's wheat production balance to improve in the coming years. The pig industry could be boosted by a recent trade deal to export to China, while the domestic market is appearing resilient. We see limited growth for the sugar and dairy industries. We highlight strong results from pig producer Cranswick despite a weak economic environment. Key Forecasts ? Wheat production growth to 2016/17: 5.7% to 16.1mn tonnes. We see a challenging environment for the UK wheat industry in the n ...

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