| Rabobank has published its outlook for the global agri commodity markets in 2015, looking at issues of demand, supply and pricing across international agri commodities, and forecasting a 12-month price outlook for 12 major agri commodities. In the report, the bank’s Agri Commodities Markets Research analysts say that fundamentals in the agri commodity markets appear more balanced through 2015, but they expect narrower trading ranges for many commodities versus 2014. On the demand side, growth has slowed in recent years.
However, lower price levels should now encourage consumption growth, which will support prices. Rabobank says key variables to watch in the year ahead are U.S. dollar strength, uncertain Chinese demand growth, slowing biofuel demand, and oil price weakness. Stefan Vogel, global head of Rabobank Agri Commodities Markets Research, said, “2015 will be another interesting year for agri commodities. Macro drivers remain very much in play and price swings from supply and demand shocks are still likely, given that the stocks for most commodities are not yet at levels necessary to provide an adequate buffer.” (Press Release) |