The food super-cycle has been accelerated by the war in Ukraine. Irrespective of the outcome of the conflict, our view is that an extended period of high food prices is likely. We have identified a set of Asian food stocks that provide exposure to the food boom. The Bloomberg Asia Pacific Food Index was devised in 1998 and is a capitalisation-weighted index of food stocks in Asia. It includes the following categories: * Food producers such as A2 Milk Company * Food processors / supply c...
The Russian invasion of Ukraine has led to a huge surge in food prices. Staples such as soy, corn, wheat and rice have soared to record levels. This surge is a sign of the looming commodity super-cycle, but the stage had been set for a commodity spike even before Russia's war. Food Prices - YTD [/RtvRMwyMc0oYjkwRuKi4VvcTTMYYOEzflN6IYK6o.png] A NEW COMMODITY SUPER-CYCLE The last half-century has seen two massive commodity bull runs or commodity super-cycles. * The fir...
Ukraine and Russia are leading suppliers of corn, wheat and soybeans – the conflict means the prices of these commodities are likely to rise rapidly. Black Sea ports have been blockaded and the sanctions imposed on Russia will worsen the dislocation. A raft of other commodities including Asian staples such as rice and lentils are likely to spike, too, given the supply disruption. The S&P GSCI Agriculture Index (an excellent proxy for food prices, which includes wheat, corn, rice and barley) i...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
OLAM INTERNATIONAL LTD. (SG), a company active in the Food Products industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date August 4, 2017, the closing pri...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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