Food Supply Chain

Food Supply Chain
Components Performance/Risk
Period Return
11.8%
Return Rank
Below Average
Risk Exposure
Low Risk

The take-over approach made by Archer Daniels Midland for Bunge , announced on January 19, 2018, has stalled as of March 2018 amidst regulatory anti-trust concerns

As the outlook of both companies has notably improved, it is time to review our agriculture food chain theme

The two companies are, with Cargill and LDC Louis Dreyfus, both privately owned, global food commodity trading conglomerates, commanding the world flow of basic agricultural products.

It is an opportunity to highlight the specialty chemicals and ingredients (for food as well as pharma) businesses, from the UK - Associated British Foods , Tate & Lyle ,  from Denmark - Novozymes , Christian Hansen Invalid tag asset, from Germany  - Evonik Industries Invalid tag asset, from Switzerland - Givaudan , Lonza , from the Netherlands - Koninklijke DSM Invalid tag asset and from Norway - Yara – worthy components of the agricultural chain in their own right

Theme Components
Name
Ticker
Sector
Industry
Cur. Price
Mkt. Cap
Performance
Momentum
Risk Rank
Risk Contrib
 
CHS Inc Pref CHSCP AgricultureSeeds & Agricultural Chemicals26.59-9.8% Neutral Low Risk
Yara International YARIY AgricultureSeeds & Agricultural Chemicals23.96-24.4% Neutral Average Risk
Archer-Daniels-Midland Company ADM AgricultureAgri Business86.3541 B63.5% Weak Up Below Average
Bunge BG AgricultureAgri Business122.3023 B63.0% Neutral Below Average
Tate & Lyle (ADR) TATYY AgricultureFood Ingredients & Biochemicals30.13-1.1% Strong Up Above Average
International Flavors & Fragrances IFF Industrial GoodsChemicals - Additives & Ingredients73.7720 B7.1% Neutral Average Risk
Givaudan (ADR) GVDNY Industrial GoodsChemicals - Additives & Ingredients77.64--14.6% Neutral Low Risk
Evonik Industries (ADR) EVKIY Industrial GoodsChemicals - Additives & Ingredients9.76--8.1% Weak Up Above Average
Ingredion INGR Industrial GoodsChemicals - Organic Applications100.256.5 B-19.2% Neutral Low Risk
Novonesis (ADR) NVZMY Industrial GoodsChemicals - Organic Applications62.33--10.6% Neutral Low Risk
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