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Top Crop Traders See ‘Mini-Supercycle’ on China and Biofuels

  • Cargill’s Sanfeliu says high prices could last for 2-4 years
  • Viterra’s Mattiske sees strong grain and biofuels demand
    
Photographer: Daniel Acker/Bloomberg

Two of the world’s top agricultural traders said crop markets are in a “mini-supercycle” that could last half a decade, driven by increased demand for biofuels and continued grains buying from China.

“Yes we are in a supercycle,” Alex Sanfeliu, group leader of Cargill Inc.’s world trading group, told the FT Commodities Global Summit. “Let’s call it a mini-supercycle.”