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Handout - K+S Aktiengesellschaft

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<strong>K+S</strong> Group<br />

Prices for Agricultural Products – Spot vs. Future<br />

Prices for Agricultural Products – spot<br />

Prices for Agricultural Products – future<br />

450%<br />

140%<br />

400%<br />

130%<br />

350%<br />

120%<br />

300%<br />

250%<br />

200%<br />

150%<br />

110%<br />

100%<br />

90%<br />

100%<br />

80%<br />

50%<br />

Dec.<br />

‘04<br />

Dec.<br />

‘05<br />

Dec.<br />

‘06<br />

Dec.<br />

‘07<br />

Dec.<br />

‘08<br />

Dec.<br />

‘09<br />

Dec.<br />

‘10<br />

Dec.<br />

‘11<br />

Dec.<br />

‘12<br />

70%<br />

Mar.<br />

’13<br />

Jul<br />

’13<br />

Dec.<br />

’13<br />

May<br />

‘14<br />

Corn<br />

Wheat<br />

Soybeans<br />

Palmoil<br />

• Strong increase in prices for agricultural<br />

products since the middle of 2010<br />

Source: Bloomberg; as of 18 January 2013<br />

• Future prices of agricultural products<br />

show that capital markets expect price<br />

levels to be rather attractive for the next<br />

two years<br />

January 2013<br />

<strong>K+S</strong> Group<br />

23

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