Rabobank sees global ag/food growth

August 13, 2008 07:00 PM
 

Fuel is just one factor in the commodity boom that is expected to continue due to income and population growth, freer trade and globalization, and resource scarcity, according to a Rabobank report, "The Boom Beyond Commodities.”

"While biofuels will be responsible for a significant share of added demand for commodities in the coming years, food will remain by far the primary consumer,” said Rabobank Food & Agribusiness Research and Advisory (FAR) Vice President Michael Whitehead.

According to the report, demand for the ‘4 Fs' – food, fuel, feed and fiber – is set to continue to increase worldwide. The combined effects of this increased demand are pressuring agriculture to operate more efficiently, which has led to more investment in the industry. Additionally, transportation networks around the world are being improved and countries with extensive natural resources that were previously relatively inaccessible are now far more accessible. This will further boost investment in agriculture and increase the value of inputs, particularly in South America, Eastern Europe and Southeast Asia.
 

Click here to read more.


Back to news


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close