date:Sep 21, 2012
sible in Europe, while Chinese consumers were likely to have increasing costs muted by the government. Although consumption in the US is unlikely to drop, exports of US beef are predicted to fall off as a result of high prices that US exporters demand.
The report said that although grain and oilseed stocks are expected to rally, commodity price are expected to remain elevated for another year.
Luke Chandler, global head of agri commodity markets research at Rabobank, said: The impact on the po