The
above quotation which is attributed to Napoleon during his exile at St Helena
is almost 200 years old. It was an extremely prescient view and certainly
resonates today.
During
the last decade we all saw the results of the dynamic Chinese export programme
as goods poured into the US and EU markets.
There
has been a marked step up in acquisition of assets following the recent
economic problems particularly in the US.
However
there is another factor emerging as China steps up its demand for raw materials
particularly agri commodities
In the past week US Grain Exporters sold 2.84 million tonnes of
Corn to China. Everything from grains to
soybeans is being shipped to China, as we’re seeing an emerging middle class.
Demand is very much there.”
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