Pictet's Philippe Rohner discusses the strength of agriculture, timber, water and clean energy stocks
The outlook for environmental themes is currently supportive. In agriculture, farmer profitability in the key regions of North America, Brazil and Europe and general operating conditions in the agriculture industry are excellent going into 2011. The US ethanol blended tax credit, Brazilian sugarcane ethanol tariff and the soybean buyer credit have all recently been extended and will also provide support for crop prices. Higher crop prices translate into higher farm incomes. This leaves farmers in a better position to buy fertiliser, farm machinery and crop protection chemicals. We exp...
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