France Agribusiness Report Q3 2018
France is one of the European Union’s largest agricultural market with a robust infrastructure and a solid base across aspectrum of agri-related industries. The overall market outlook is steady and we are of the opinion that France is set to be the EUoutperformer. The country is the bloc’s largest grains and sugar producer and is also well known for its dairy and livestock segments.Sugar output growth over the short-term will be robust owing to the abolition of the quota. Furthermore, grains production will alsobe strong over the 2017/18 season as wheat and corn recover from low base effects of the previous year. We note that Frenchcheese will continue to find strong markets at home and abroad whereas meat production growth will be lacklustre, owing to Russiasanctions and cheaper export alternatives in low-income export markets.
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