BMI View: Overall, we believe there is the most potential for growth for the soybean, livestock and coffee segments over the medium term. This is because of a shift in food consumption growth towards Asia for these items, while demand from traditional buyers will see only subdued growth. We are positive about the sugar cane sector as a whole, as we forecast strong production growth over the rest of our forecast period. This will benefit the ethanol industry first, as economics are now favourable to biofuels production at the expense of sugar. In the short term, we flag risks that …
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