NEW ORLEANS (Reuters) - Prices of agricultural commodities will remain volatile in 2010 due to supply constraints, volatile shipping costs and a constant demand pull from new demand sources like biofuels, North American Export Grain Association President and CEO Gary Martin said on Tuesday.
"In the last three years, volatility in this industry has increased and it's likely to stay at this new plateau of volatility," Martin said on the sidelines of the Global Soybean and Grain Transport conference.
Rising demand for raw materials from developing countries, most notably China, helped to drive grain and soybean prices to record highs last year. Prices retreated in 2009 amid the global economic slump but have since recovered somewhat......Full article here....
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