Global: Rabobank predicts challenging conditions for agriculture in 2025

In the Agri Commodity Markets Outlook 2025 report, published on December 17, Rabobank experts examined a number of factors that will affect global agricultural markets in 2025. These include possible tariff disputes after Trump returns to the US presidency, geopolitical tensions, a reduction in grain production and exports in Ukraine as a result of the war, and problems related to climate change, in particular the manifestations of the La Niña phenomenon. Trump's introduction of tariffs on goods from China, Mexico, Canada and other countries will reduce the income of farmers, especially those who grow major crops, the prices of which have already decreased in 2024. According to Rabobank, in 2023, agricultural imports to the US amounted to $ 195 billion, which is 280% more than in the last two decades. Appropriate measures from China could complicate the situation, which will most likely affect soybean exports from the US. Given the 25% decline in soybean prices over the past year, ...