Agri-Commodities More Likely To Rise Than Fall - Credit Suisse
Prices of agri-commodities are more likely to rise than fall in the months ahead, according to a new report from Credit Suisse.
"Compared with consensus, we think the short-term outlook looks more problematic for agricultural supply than it does for demand," says the report.
They see lower plantings and reduced fertiliser applications, both at least partly influenced by the credit crisis, as two of the key factors affecting supply, coupled with adverse weather in some areas – notably Argentina, eastern Europe and parts of the US.
So it's not just me then?
"Compared with consensus, we think the short-term outlook looks more problematic for agricultural supply than it does for demand," says the report.
They see lower plantings and reduced fertiliser applications, both at least partly influenced by the credit crisis, as two of the key factors affecting supply, coupled with adverse weather in some areas – notably Argentina, eastern Europe and parts of the US.
So it's not just me then?
