I am not sure of this stock for we will see lots of spike in coming years!

Bloomberg news - 

June 30 (Bloomberg) -- Food emergencies are likely to increase in coming decades because of climate change, according to Alexander Sarris, director for trade and markets at the United Nations’ Food and Agriculture Organization.

“You can see very clearly a sharply growing trend in food emergencies,” Sarris said at the World Agri Invest Congress in London today. “The climate issue may actually start playing havoc with the market.”

Last year’s food crisis was caused by hoarding and export restrictions rather than a global shortage, he said. Rising food costs last year prompted unrest in countries from Mexico to Indonesia and spurred governments in China, India and Russia to raise export taxes on foodstuffs.

“There were plenty of supplies to go around but there was a lot of hoarding,” he said.

Concern about supply may cause price surges in coming decades. “We’re likely to see more spikes in the next 20 years,” Sarris said. “You have to make people more confident in the market. It’s the loss of confidence that creates spikes.”

To contact the reporter on this story: Rudy Ruitenberg in London at rruitenberg@bloomberg.net.

Last Updated: June 30, 2009 06:36 EDT
like to increase with the climate

Olam fair value been hit. Be careful. Don't just because Temasak is in than jump to it. Remember Temasek pay for this stock at around $1.60/ share.

Trade with care.

Wait fr better opportunity, price too high......