DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/f6pxp6/france_agribusines) has announced the addition of the "France Agribusiness Report Q3 2012" report to their offering.
BMI View: We expect lower production growth for French grains in 2012/13, as cold snaps have destroyed parts of the wheat, barley and corn plantings. In addition, the recent decision by the country's agriculture ministry to renew the ban on genetically modified Monsanto corn plantings for another year will limit the country's corn yields in the medium term. For dairy, the recent decision by the European Commission to allow contracts between producers and processors is expected to increase visibility for French farmers and support production growth in the coming years. For livestock, droughts and falling margins have continued to prevent growth in herds, which will limit meat production in the medium term.
- Corn production growth to 2015/16: 29.2% to 17.8mn tonnes. Growth in corn output is primarily owing to base effects, as there was a significant drop in production in 2010/11 saw a big drop in output. Production growth is expected to be subdued as the country continues to ban Monsanto corn plantings.
- Cheese consumption growth to 2015/16: -3.8% to 1.5mn tonnes. Although cheese is an important part of the French diet, we expect a slight fall in consumption over our forecast period as healthy eating concerns cause consumers to reduce the amount of cheese in their diets.
- Poultry consumption growth to 2015/16: 5.8% to 1.7mn tonnes. Poultry's perception as a healthy alternative to red meat, as well as its affordability in the sluggish economic environment, will encourage demand growth.
- 2012 real GDP growth: -0.2% (down from 1.8% in 2011; forecast to average 1.4% over 2011- 2016).
- Consumer price inflation: 1.3% annual average in 2012 (slightly up from 1.0% in 2011). .. BMI universe agribusiness market value: 10.5% year-n-year (y-o-y) decline to US$47.4bn in 2011/12, forecast to average US$49.1bn between 2010/11 and 2015/16.
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