The global forage feed market has been undergoing noteworthy development in the past few years. This can be accredited to the progression in farm animal production, upsurge in the global meat intake, and growing awareness regar…
BMI View: We extend our mixed outlook for the Italian agribusiness industry into our Q4 2016 report
update. We still believe that cheese, milk, poultry and pork will record stable growth over the course of our
current forecast period to 2020. The removal of EU milk quotas in 2015 and the opportunity for Italy to
develop its value-added exports will be positive. We do not expect much from grain production this year due
to weather volatility; wheat output will remain broadly flat due to little opportunity for growth in planted
area or yields.
? Poultry production will record growth of 1.3% in 2015/16 to reach 1.3mn tonnes.
? Pork production will reach an estimated 1.7mn tonnes in 2015/16, representing an increase of 1.2% on
? Liquid milk consumption will reach 2.3mn tonnes in 2016, growing 4.0% from the previous year.