NEW YORK ( Karvy Global) -- Food scarcity remains a major concern around the global, and food inflation rates are increasing despite improved production levels. Changing weather patterns in several countries could further exacerbate food shortages going forward. Arable land is shrinking in emerging economies due to industrialization, soil degradation, crop failures and booming populations, and this could trigger unprecedented food price hikes. The demand-supply mismatch will likely support higher agricultural commodity prices going forward. Given the run-up in food prices and the positive momentum in equity markets, food stocks will likely provide investors with attractive returns during 2011. Analysts expect these 10 stocks to outperform their peers and broader markets, based on the upside implied from their respective price targets for 2011. On average, analysts expect these stocks to have gains ranging from 28% to 136% over the next 12 months. In comparison, Kraft Foods ( KFT), Monsanto ( MON), General Mills ( GIS), Archer Daniels Midland ( ADM), and Kellogg ( K) have expected upside in the range of 3%-12%. The charts that precede each stock show the stock's performance, as well as the performance of the S&P 500 (identifed as "INX").
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $1.72 as of 3:55 p.m. ET, 20.3% above Monday's closing price of $1.43. Volume is at 226,852, 3.3 times the daily average of 68,200.
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $3.02 as of 9:31 a.m. ET, 24.8% above Tuesday's closing price of $2.42. Volume is at 6,626, zero times the daily average of 138,100.