The world’s largest commodity trading houses have turned upbeat on economic growth, signalling firmer raw materials prices in the second half of the year.
The positive outlook from traders including Glencore, Cargill, Mitsubishi, Archer Daniels Midland and Noble Group comes after a tough first half for the sector, with most companies reporting a plunge in sales and profits. But executives were optimistic for the second half on the back of China’s stimulus package.
