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PARIS- France, the United States and G20 president Mexico will hold a conference call at the end of August to discuss whether an emergency international meeting is required to tackle soaring grain prices caused by the worst U.S. drought in half a century.
A French agriculture ministry official said the call would decide whether to convene the first meeting of the G20’s Rapid Response Forum...
Feel free to curse me for my memory lapse and failure to post a link, but I believe I saw an article indicating that the US had announced the purchase of $170 million of pork and other food stuffs to ensure food shelves and community feeding sites would have sufficient food.
America and Russia - hard-hit by drought and down for the count, could even worse news be on the way?
Canada is the world's seventh-largest, wheat-growing country, and the top exporter of spring wheat and durum, used in baking and pasta-making respectively. It's the biggest producer and shipper of canola, used to make oil for salad dressings and margarine. Canadian farmers will harvest a record-smashing 16 million tonnes of canola this year, and the biggest wheat crop in three years, according to a July poll by Reuters of traders and analysts.
"China will release corn and rice from state reserves to help tame inflation and reduce imports as the worst US drought in half a century pushes corn prices to global records, creating fears of a world food crisis...The release may prompt Chinese importers to cancel shipments..."
Originally posted by charles1952
Sorry to bring up another "I thought I heard this," but I thought I heard that the US has not yet lifted the requirement that 40% of the corn crop be made into ethanol. I'm not vouching for this one, more looking for confirmation or rejection from you experts.
Originally posted by neo96
Yeah there is a drought where there is crop insurance and government subsidies that pay people not to grow crops/food and guarantees prices and then some genius from the church of climatology said hey lets burn some of that for fuel as in ethanol. and at the same time cut domestic oil production by banning a pipleline that could have relieve some of the stress of that food "supply shortage".
I am not dismissing the drought as bad but had certain policies had more foresight we would not be "in the pickle" we are in now.
but most likely all part of the master plan and "never let a good crisis" go to waste.edit on 14-8-2012 by neo96 because: (no reason given)
Originally posted by silent thunder
China Daily reports:
"China will release corn and rice from state reserves to help tame inflation and reduce imports as the worst US drought in half a century pushes corn prices to global records, creating fears of a world food crisis...The release may prompt Chinese importers to cancel shipments..."edit on 8/13/2012 by silent thunder because: (no reason given)
Originally posted by antonia
reply to post by burdman30ott6
Yesh, guess i'm gonna have to lay off that fish for awhile. Anchovies are actually a cheap source of Omega 3's and you can make a good sauce with them.
So , I wonder how many people realize most of the corn we grow is actually for feeding lifestock? I suspect the highest rise in prices will be at the meat counter. I'm more of a rice and beans person so I think my family will do ok.edit on 14-8-2012 by antonia because: opps