Abstract
As the global economy recovers from recession, demand for agricultural products will resume the steep upward trajectory that was in place before the financial world began to implode. That cycle, with biofuels adding to already strong demand for both grains and oilseeds, was characterised by high prices and heightened competition for land resources. A lesser known observation from the recent growth period is that arable land was expanding worldwide for both grain and oilseeds crops, unlike previous periods where land had been switched from grains into oilseeds. With renewed income growth, we ask how the world can continue to find suitable agricultural land for oilseeds, if grain demand is growing in tandem? The solutions to this complex puzzle will inevitably depend on roles of the Black Sea and palm oil, the twin subjects of this talk and this conference.  

Outlook for Soft Commodities – Reverting to Trend or Structural Change?

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