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By Alexander Roose Ignace De Coene, Senior Portfolio Managers, Petercam
Since 2012, corn prices have lost half of their value, and as of late September, prices have been trading around the USD 3/bushel level reached during the 2008-2009 period. Nonetheless, not a week goes by without headlines on potential food scarcity stemming from demographic pressure. How can these elements be explained? Is agriculture still a compelling investment theme?
Agricultural commodities
Looking at corn prices from a long-term perspective, despite the price decline seen over the past two years, the average price seen in recent years has been clearly higher than the one seen over the past few decades. That is the result of structural elements which...
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