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Saudi Arabia Agribusiness Report

  • Date Submitted: 09/01/2016 01:29 AM
  • Flesch-Kincaid Score: 42.8 
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01 Sep 2016, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Agribusiness Report” The government has not abandoned its strategy of self-sufficiency in poultry and has been raping up incentives to expand production capacity.

We maintain our long-held view in our Q3 2016 report update that Saudi Arabia will increasingly be dependent on grains imports, as the country has decided to phase out domestic grains production in a desperate bid to preserve the country's water supply. The government has not abandoned its strategy of self-sufficiency in poultry and has been raping up incentives to expand production capacity. This strategy has paid off, as the three major producers in the sector have all started heavy investment initiatives. We believe Saudi Arabia will find sufficient grains supply from the Black Sea region and the EU to supply its meat and food processing industry in the coming years. However, the country will remain highly vulnerable to volatile grains and feed prices. Recent spikes in feed prices have turned us more cautious on margins for dairy and livestock producers in the country, especially those that import inputs from abroad. The national dairy sector is set to witness strong growth as the market remains a heavy consumer of dairy products. Dairy production will also grow as foreign investors use Saudi Arabia, the world's fifth largest dairy importer, as a regional hub for manufacturing and distribution of halal dairy butters and cheeses.

http://www.marketreportsonsaudiarabia.com/food-beverages-market-research-reports-8/saudi-arabia-agribusiness1.html

Key Forecasts

- Wheat production growth to 2019/20: -100% to 0 tonnes. Wheat production will be almost completely phased out in the coming years and Saudi Arabia will become entirely dependent on imports for its grain needs.

- Beef consumption growth to 2020: 3.52% average y-o-y to 227,000 tonnes. Beef consumption will not grow as fast as poultry in...

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