bearish
How Much Do Commodity Prices Rise when Fertilizer Prices Rise?
SUMMARY
- Global crop production growth will mainly be driven by continued progress in plant breeding and a transition to more intensive production systems.
- Yield improvements are projected to account for 79% of global crop production growth, cropland expansion for 15%, and higher cropping intensity for 6% over the outlook period.
- Global growth of sugar consumption will be driven entirely by Africa and Asia, with demand projected to surge in areas where the level of per capita intake is currently low.
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