DJE - Agrar & Ernährung PA (EUR)

DJE - Agrar & Ernährung PA (EUR) Header Image
As at:
134.34 EUR
141.06 EUR

Monthly Commentary

In the wake of the Corona virus pandemic the oil price came under significant pressure in April. As a result bioethanol prices also fell to new lows with the consequence of extensive production cuts. If this situation persists it will inevitably lead to a decline in demand for corn and sugar cane. The beneficiaries of the negative price spiral are likely to be food and beverage producers with a time lag. At the moment, however, the latter are still suffering from the slump in out-of-home consumption in very different ways depending on their regional positioning. Accordingly, food suppliers with the lowest possible share of restaurant sales (with an overweight in the fund) will come through the current crisis best. This also applies to manufacturers of baby food and animal feed. Here, those companies that already have a very good online presence are currently convincing. In this market environment the price of the DJE - Agrar & Ernährung rose 10.01%.

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