BMI View: We have made some minor forecast adjustments in the latest Q1 2018 report update to account for the latest grains and sugar data from France. We are of the opinion that French agriculture is set to be an EU outperformer over the coming years. The country is the bloc's leading producer of grains and sugar and is renowned for its dairy and livestock. France will however face some short-term hurdles as the EU is reforming its agricultural sector; this will consolidate output in various sectors and particularly sugar and dairy. French meat production will suffer from continued weak demand from other EU countries, the traditional importers of French meat.