Agricultural commodities to turn bullish on India, China farmland race
Monday, 20 February 2012 | 12:55
Agricultural commodity prices may experience bullish trend as the two most populated nations, China and India, are in a mad race to secure farmland to meet the growing food demand, according to Danny Esposito, co-editor, Financial Web Site Penny Stock Detectives.
India’s recent purchase of farmland in Africa and China’s recent purchase of 1.4 million acres in Venezuela.
“As the economies in Asia continue to develop, a middle class is quickly emerging. These wealthier people are changing their eating habits to match those of the West; demanding more agricultural commodities,” said Esposito.
Meanwhile, the rising population and change in global climate has been creating problems to meet the growing food demand.
China is populated with with 1.3 billion people and India with 1.2 billion people and growing at much faster rate.
Source: Commodity Online
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