Eclectica, the boutique behind one of the few retail soft commodities funds, believes agriculture is shaping up to be a bubble-like opportunity.
Manager Hugh Hendry pointed to the scarcity of stocks in the agriculture space and a positive macro-economic outlook as reasons for his bullishness.
"We are identifying staple products of everyday life which have lost 80% to 90% in value in recent years," he said. "It is becoming very hard to add more agricultural land. Western Europe and the US are full, while Asia is losing agriculture land through urbanisation.
