Handout - K+S Aktiengesellschaft
Handout - K+S Aktiengesellschaft
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