DUBLIN--(Research and Markets (http://www.researchandmarkets.com/research/wn7q43/world_commodity_fo) has announced the addition of the "World Commodity Forecasts Food Feedstuffs and Beverages" report to their offering.)--
“World Commodity Forecasts Food Feedstuffs and Beverages”
After rising by 30% in 2011, the Economist Intelligence Unit's food, feedstuffs and beverages (FFB) price index is expected to slip back this year, but the index is now expected to fall by just 8.5% (11% previously) following upward revisions to some grains and oilseed prices to reflect recent adverse weather. Sharp falls in expected prices for beverages (coffee, tea and cocoa) and sugar are weighing on the overall index. Prices are expected to slip slightly in 2013, but will remain at historical highs.
We expect the supply of most agricultural commodities to improve in 2013, enabling some rebuilding of stocks, which, coupled with only weak global consumption growth, should take the pressure off prices. In addition, investor interest is expected to be relatively weak as concerns about global economic growth lead to increased risk aversion, and a stronger US dollar.
Prices will, however, remain high in a historical context, partly because of the still-low level of stocks. Although consumption growth will be constrained by the weak economic outlook, ongoing population growth, urbanisation in the developing world (and less arable land), and the impact of biofuels production will continue to offer support to prices. Given the fragile stock position, any further disruption to supplies from individual producers could put significant upward pressure on prices.
Industry List: Agriculture and food production
Industry Codes (NAIC): 11
Industry Codes (SIC): 1
Key Topics Covered:
World Commodity Forecasts Food Feedstuffs and Beverages
Economist Intelligence Unit commodity price index
Price forecasts for 2012 have been revised up to reflect adverse weather
The outlook for grains production is deteriorating
Rice prices are expected to be on a weakening trend by 2013
Oilseeds prices will remain high in 2012, but will slip slightly in 2013
There are (mainly upward) risks to our sugar price forecast
Disruptions to supply are leading to higher price outlooks for beverages
For more information visit http://www.researchandmarkets.com/research/wn7q43/world_commodity_fo