Cotton prices appear to be collapsing again due to the surpluses created by central bank stimulus policies since 2009. As the chart shows, these had initially caused prices to soar to levels not seen since the American Civil War: They reached 230c/lb in March 2011, nearly double the post-1982 peak of 117c/lb in May 1995 (blue […]
Tag Archives | Agriculture
Current farming techniques haven’t changed much over thousands of years. Yet the people who eat the food that comes from farms no longer live next door to them. So the food has to be transported ever-greater distances – sometimes thousands of kilometres – to reach the market. A new business model is badly needed to […]
The downturn in the US housing market is turning out to have a silver lining, according to the Wall Street Journal. It describes how farmers in some areas are now able to buy back land previously sold for housing development, and return it to agricultural use: • Residential land value has fallen 70% since the […]
A first visit to Cambodia. I’m here en route to our Asian Conference in Bangkok, and the picture shows the famous line of Buddhas at Angkor Wat. But the main topic of conversation when talking to local people is the high cost of food and energy. With wages averaging $30 – $35 a week, these […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such as oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.