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Agricultural commodities: a new boom?

Regarding the agricultural commodities market, it should be clear to begin with, that, within an one-year horizon, there are no real sectoral factors that indicate a sharp price rise cycle (a boom). The very strong cycle observed in the 2000’s is attributed to a real factor: high global demand due to the unprecedented growth of the Chinese economy – from 8% to 12% a year –, leading dollar prices of agricultural commodities to double in eight years. After the effects of the 2008 financial crisis settled, prices had returned to high levels at least until 2014
Fonte: CEPEA



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