According to Goldman sachs Wednesday at first 2012 outlook report, says global agricultural inventory impossible in 2011/12 annual restoration, it will continue to exert upward pressure on prices.

Goldman sachs says, 2011 corn futures price estimate of $5 for a bushel, soyabean prices for $12.50 per bushel, cotton futures price for $1 per pound, wheat futures for $6.25 per bushel.

Goldman sachs also forecasts recent soyabean prices may be in 14 dollars a bushel, corn futures prices 5.85 dollars a bushel, cotton for $1.25 per pound.

Goldman sachs says, although the international high food prices will encourage farmers improve planting area, but the grain yield enough to complement afresh the dry inventory.

Goldman sachs expect 2011/12 annual global agricultural supply will be improved, but feed and fuel industry robust demand, may restrict inventory recovery standards.

Source "of Chinese textile net"

Editor: lara