Browse the complete Report on: Turkey Agribusiness Report Q4 2010
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BMI View: The EU green light on Turkish poultry imports and, more recently, a successful Russian presidential visit that resulted in Turkish exporters getting better access to the Russian market show the world is keen to buy Turkey's agricultural produce. Nevertheless, many of the country's agricultural industries remain hampered by government policy. A ban on GM foods has pushed up the price of feed, making it more difficult for Turkish producers to take advantage of willing export markets. For the time being the country remains a powerful but flawed agricultural player.
Poultry production surprised on the upside in 2009, jumping 17.9% year-on-year (y-o-y) to reach 1.33mn tonnes. Growing demand from both the home and export markets were key drivers. With the economy set to record a solid recovery in 2010, we are now forecasting a y-o-y gain of 8.2% to reach 1.43mn tonnes in 2010.
We have revised up our wheat forecasts for the 2009/10 season following reports of abundant rains producing favourable levels of soil moisture throughout the country. Although area planted to winter wheat stayed the same, we are forecasting production to rise slightly, up 0.4% y-o-y to reach 20.7mn tonnes.
In 2008/09 corn revenue was not able to meet production costs. This, combined with a boost in government subsidies for cotton and soybean, will produce a fall in area planted to corn in 2009/10. We are forecasting production to fall 8.7% y-o-y to 3.77mn tonnes. The Sugar Board has reduced its quota for 2010/11. We now expect to see a slight fall in production to 2.06mn tonnes that year, a y-o-y drop of 2.53%.
The impact of the new Biosafety Law, which passed on March 18, is as yet unclear. Regulations will need to be put in place to implement the law, which is open to interpretation. According to a biotech regulation already in effect, imports of biotech corn and soy are banned. If the new Biosafety Law results in resumed imports of biotech feed, meat prices will fall again. We are monitoring the situation closely and will have a clearer idea of the impact of the law next quarter.
During a presidential visit in May, Russia and Turkey signed a number of protocols on agriculture, including two aimed at simplifying procedures for Turkish companies looking to export poultry and products to Russia. During the visit the Russian agriculture minister announced that the Turkish poultry import quota would be raised from 57,000 tonnes in 2010 to 150,000 tonnes in 2011 and stated that there were now no legal barriers to Turkish imports. Greater access to the Russian market, while not expected to be a major boon for Turkey, is representative of increased international interest (especially from China and the Middle East) in Turkish poultry and among factors pushing up local production over our forecast period.
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Original Source : – Turkey Agribusiness Market
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Browse All Business Monitor International Market Research Reports
BMI View: The EU green light on Turkish poultry imports and, more recently, a successful Russian presidential visit that resulted in Turkish exporters getting better access to the Russian market show the world is keen to buy Turkey's agricultural produce. Nevertheless, many of the country's agricultural industries remain hampered by government policy. A ban on GM foods has pushed up the price of feed, making it more difficult for Turkish producers to take advantage of willing export markets. For the time being the country remains a powerful but flawed agricultural player.
Poultry production surprised on the upside in 2009, jumping 17.9% year-on-year (y-o-y) to reach 1.33mn tonnes. Growing demand from both the home and export markets were key drivers. With the economy set to record a solid recovery in 2010, we are now forecasting a y-o-y gain of 8.2% to reach 1.43mn tonnes in 2010.
We have revised up our wheat forecasts for the 2009/10 season following reports of abundant rains producing favourable levels of soil moisture throughout the country. Although area planted to winter wheat stayed the same, we are forecasting production to rise slightly, up 0.4% y-o-y to reach 20.7mn tonnes.
In 2008/09 corn revenue was not able to meet production costs. This, combined with a boost in government subsidies for cotton and soybean, will produce a fall in area planted to corn in 2009/10. We are forecasting production to fall 8.7% y-o-y to 3.77mn tonnes. The Sugar Board has reduced its quota for 2010/11. We now expect to see a slight fall in production to 2.06mn tonnes that year, a y-o-y drop of 2.53%.
The impact of the new Biosafety Law, which passed on March 18, is as yet unclear. Regulations will need to be put in place to implement the law, which is open to interpretation. According to a biotech regulation already in effect, imports of biotech corn and soy are banned. If the new Biosafety Law results in resumed imports of biotech feed, meat prices will fall again. We are monitoring the situation closely and will have a clearer idea of the impact of the law next quarter.
During a presidential visit in May, Russia and Turkey signed a number of protocols on agriculture, including two aimed at simplifying procedures for Turkish companies looking to export poultry and products to Russia. During the visit the Russian agriculture minister announced that the Turkish poultry import quota would be raised from 57,000 tonnes in 2010 to 150,000 tonnes in 2011 and stated that there were now no legal barriers to Turkish imports. Greater access to the Russian market, while not expected to be a major boon for Turkey, is representative of increased international interest (especially from China and the Middle East) in Turkish poultry and among factors pushing up local production over our forecast period.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
Original Source : – Turkey Agribusiness Market
Buy Now : Market Research Report
