Weather bolsters crop prices in the latter half of 2012

摘要

The in the first half of 2012 was positive, but not to the same extent as in 2011. The outlook the agrochemical market for the rest of the year is good, as crop prices rise again due to weather-affected harvests in Latin America, the U.S. and Europe, giving rise to the expectation of increased crop planting in Latin America in the forthcoming 2012/2013 agricultural season, according to a report by Phillips McDougall. On average, in the first half of 2012, the prices of all the major commodities except rice were lower than in the corresponding period of 2011.