Macquarie Commodity Research has announced the creation of the Macquarie Agricultural Commodity Price Index, or MacPI. The index will be a new benchmark for the performance of agricultural commodities and will provide forecasts for the price of raw food materials to indicate future levels of food inflation. The index will track 28 commodities using a consumption-weighted rather than a trade-weighted methodology to reflect the importance of each commodity in terms of global consumption. To read what the MacPI forecasts for global commodities through 2015 based on current information:
To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free bi-weekly enhanced eNews service