China’s self-sufficiency in wheat, rice and corn could be reversed in dramatic fashion in the next few years offering investors a chance to make big returns, according to Richard Ferguson, the global head of agriculture at Renaissance Capital in London. "China’s changing diet, which has seen meat consumption per capita increase by 21 percent in the past decade, has had a dramatic impact on demand for soybeans and corn," said Ferguson in a research note. "We believe that the interaction of the key variables defining prices - output, consumption, yields, planted areas, imports, exports and inventories – are at a major inflection point."
2011-06-03
Global News: Buy Grains Before China Runs Out: Expert
(News resource: CNBC, Jun. 2, 2011)
China’s self-sufficiency in wheat, rice and corn could be reversed in dramatic fashion in the next few years offering investors a chance to make big returns, according to Richard Ferguson, the global head of agriculture at Renaissance Capital in London. "China’s changing diet, which has seen meat consumption per capita increase by 21 percent in the past decade, has had a dramatic impact on demand for soybeans and corn," said Ferguson in a research note. "We believe that the interaction of the key variables defining prices - output, consumption, yields, planted areas, imports, exports and inventories – are at a major inflection point."
China’s self-sufficiency in wheat, rice and corn could be reversed in dramatic fashion in the next few years offering investors a chance to make big returns, according to Richard Ferguson, the global head of agriculture at Renaissance Capital in London. "China’s changing diet, which has seen meat consumption per capita increase by 21 percent in the past decade, has had a dramatic impact on demand for soybeans and corn," said Ferguson in a research note. "We believe that the interaction of the key variables defining prices - output, consumption, yields, planted areas, imports, exports and inventories – are at a major inflection point."
