New Market Research Report: France Agribusiness Report Q2 2015

We forecast a decline in grains growth in 2015/16 in France, as weak wheat prices around the planting season likely led to a decline in plantings. We forecast wheat production to grow over our forecast period, and expect production to reach 40.0mn tonnes by 2018/19. The dairy sector will not be fundamentally affected by the removal of the EU's production quota in early 2015, but will expand out to 2019. Cheese production will grow strongly as international exports will be in strong demand. Poultry output growth will outperform that of the broader livestock sector as soft economic growth will encourage consumption.

Key Forecasts

* Wheat production growth 2013/14 to 2018/19: 2.7% to 40.0mn tonnes. We expect wheat to remain one of the most profitable crop in the country and the one most in demand for domestic use and exports.
* Poultry consumption growth to 2018: 4.9% to 1.7mn tonnes. We see stronger long-term demand growth for poultry than for pork or beef owing to poultry's general affordability and reputation for better health benefits than red meat.
* Cheese production growth to 2017/18: 8.8% to 2.2mn tonnes. Over the longer term, we expect consolidation in the dairy industry to allow producers to take advantage of rising quotas and export demand. We also believe the European Commission's decision to adopt new legislation allowing producers to collectively negotiate contracts with processors will improve the profitability of milk production, in turn supporting output.
* 2015 real GDP growth: 0.7 % (up from 0.3% in 2014).
* Consumer price inflation: 0.5% average in 2015 (flat on 2014).
* BMI universe agribusiness market value: 1.7% year-on-year (y-o-y) increase to USD65.90bn in 2014/15.

Full Report Details at
- http://www.fastmr.com/prod/951097_france_agribusiness_report_q2_2015.aspx?afid=301

Industry Developments

We expect grains production to decline in 2015/16 as global grain prices performed poorly in 2014. Wheat prices were weak over the 2015/16 planting season, which...

The France Agribusiness Report features Business Monitor International (BMI)'s market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.

BMI's France Agribusiness Report includes independent commodity price forecasting and analysis for key agricultural outputs, an overview of the agribusiness competitive landscape and a discussion of the downstream context of agricultural production in relation to country food consumption forecasts and composite food and beverage trade forecasts.

Key Benefits

* Use BMI's independent industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
* Apply BMI's medium-term commodity price analysis to assist with budgetary planning and the identification of investment opportunities and potential risks.
* Assess the activities and market position of your competitors, partners and clients.



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