Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
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.