2018年BEC中级阅读资料及解析(10)

　　高盛(Goldman Sachs)大宗商品研究主管杰弗里?柯里(Jeffrey Currie)表示：“在食品、饲料和燃料方面对农作物的需求混合在一起，造成了对农产品需求增长趋势的上行变化。”

　　“This combination of food, feed and fuel demand for crops has created an upward shift in the trend demand growth for agriculture products,” said Jeffrey Currie, head of commodities research at Goldman Sachs.

　　他表示，到2010年，全球生物燃料需求可能从2005年的每年100亿加仑增至每年250亿加仑，折合为年率每年增长20%。

　　He said global biofuel demand could increase from 10bn gallons a year in 2005 to 25bn gallons annually by 2010, an annualised growth rate of 20 per cent.

　　由于供应方面不尽人意及需求不断上升，许多农产品市场的库存水平降至历史低点，这使得价格很容易受到上行冲击的影响。

　　As a result of supply disappointments and rising demand, stocks have fallen to historic lows in many agricultural markets, leaving prices very susceptible to upward price shocks.

　　许多分析师认为，此轮农业大宗商品的上涨才刚刚开始。

　　Many analysts believe the rally for agricultural commodities is only just beginning.