For its 4th edition, the Paris Grain Day brought together 250 actors and international experts from the grain sector. They exchanged knowledge on the various drivers of the agricultural raw materials market and concluded with a very slightly bullish indicator for 2020.
Paris, February 3, 2020 – “The Paris Grain Day Consensus is showing a neutral upward trend for calendar year 2020 with a score of 3.08 out of 5 (5 being very bullish),” announces Michel Portier, director of Paris Grain Day. It is above the 2019 indicator of 2.55, a slightly bearish consensus.
Resulting from the vote of all the international players in the agricultural raw materials sector present at the Paris conference, it reflects their sentiment on the market at the moment on all of the market drivers.
Paris Grain Day was launched in 2017 by the consultancy company Agritel: it is the Paris conference dedicated to the grain markets. The experts chosen and brought together during the conference (13 speakers representing all the continents) shed necessary light on key themes influencing the price of raw materials. “Geopolitical tensions, global warming, dietary changes are major issues which are impacting our analysis and activities in 2020,” said Michel Portier.
According to the experts present, 3 major market elements are to be followed in 2020 :
More generally, market operators agree that strong geopolitical tensions will have a greater influence on fundamentals in 2020. They also explained that the activity of sea freight and in particular the Baltic Dry Index should be followed closely. “International shipping costs are likely to increase as a result of tighter pollution regulations since January 1, 2020,” said Cyrille Coutansais, Director of Research at the Center for Strategic Studies of the Navy (CESM).