In this 64-page sector report, Bell Potter Analyst Jonathan Snape identifies four major themes emerging within the agricultural sector, and provides an overview on 17 agricultural and Fast Moving Consumer Goods (FMCG) stocks under coverage. The major themes emerging include a maturing cattle price cycle; the likelihood of a more protracted global dairy prices recovery; the 45% year-on-year increase in imports of infant formula to China; and the probability of a La Nina weather event, which is generally supportive of an improved summer crop outcome in Australia. Bell Potter focuses on stocks that offer structural uplift in ROIC through the cycle, cyclical growth stories, long-term asset plays, or income generators. Access our report below to see which nine stocks covered in this report we prefer to leverage these strategies.
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