Macro

Macro: The Food & Agri Organisation (FAO) held a special meeting on the recent spike in food prices, following Russia’s decision to extend its ban on wheat exports, stoking fears of food shortages. The ban has been held as partly responsible for the 5% increase in food prices worldwide over the last two mths, reaching their highest level since 2008...

Food and farming sector could come into focus; this includes companies like #China Minzhong, #Sino Grandness, #China XLX.
Commodities companies, eg. #Noble, #Olam, #Wilmar, could also see renewed interest.
Dry bulk sector also to benefit, as vessels likely have to travel further to secure soft commodities supplies, and may lift the BDI somewhat. Shipyards with dry bulk exposure - #Yangzijiang, #Cosco, #JES. Dry bulk shipping plays - #Mercator, #Courage Marine, #STX PO.