Jim Rogers on Agri Commodities : Buying not Selling

ET Now: Agri commodities worldwide have been volatile and there is an inflation concern across. How would you look at that sector and especially some of these agriculture commodities like sugar, cotton, corn?
Jim Rogers : It depends on the currency against which one measures these commodities. If you are measuring in US dollars, it is down but if you are measuring in other currencies, the ringgit for instance, sugar is up. I am optimistic about  agriculture going forward. It seems we are going to have strange weather this year and may be next year as well, so I would certainly not be selling agriculture. If anything, I would be buying.






Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.