Maize From Argentina May Cool World Markets
Sep 17, 2012 08:29 AM EDT | By Sharon Robinson
Argentina will be exporting another 2.75 million tonnes of maize, bringing a modicum of stability to the volatile global food market. The announcement was made by Argentina's agriculture minister, Norberto Yauhar.
The maize for exports comes from last year's harvest. According to a report by the Food and Agriculture Organization, this will raise Argentina's maize exports to 16.45 million tons.
Like Us on Facebook
"The additional shipments‚ together with recent better-than-expected figures from the US Department of Agriculture‚ should help ease tight international markets‚" Yauhar said, according to the FAO's news Centre.
Argentina has become one of the top exporters of maize in the last three years. Roughly 15 percent of the maize in the global food supply comes from the South American country. Moreover, it is likely to maintain its position as one of the top exporters, thanks to positive forecasts for the next harvest of food grains. According to Yauhar, 15 million tonnes of maize, along with 5 million tonnes of wheat have already been earmarked for exports for the next marketing year.
Many countries have been increasingly relying on Argentina for their food grain supply. The severe drought in the U.S mid-west reduced the country's farm belt into a dust bowl killing acres of food crops. This threw the international food market into a panic, leading to expectations of a global food crisis.
But, several countries like Brazil and Argentina, and the Black Sea grain region have stepped up to the challenge of providing the world with adequate food. Moreover, adequate supplies of rice in the market, thanks to good harvests in India and other South East Asian countries, have prevented the international market from going completely off beam.
Jose Graziano da Silva, Director-General of the UN Food and Agriculture Organization (FAO), believes that there is no immediate threat of a food crisis, reports the FAO. But, he added that constant vigilance and close monitoring of the situation is required.
The latest KFC Korea stunt is a sandwich with no bread, but rather fried chicken “buns,” with a bacon-topped beef patty, not for the faints of heart
Just as you read: you can now drink Girl Scout cookies! The Little Brownie Bakers (LBB) have teamed up with Nestle’s Nesquik for a new variety of drinks of Girl Scout cookies’ most famous flavors: Thin Mint and Caramel Coconut, available for a limited time for Cookie Monster types across America!
Paul Qui is definitely living the American dream. The Phillipines born chef based in Austin Texas was last night crowned Chef of the Year by Esquire magazine. The former Top Chef contestant and winner was lauded for his creative approach to cooking and his leadership skills in the kitchen.
A new study shows that enough Magnesium in your diet could save you from developing Diabetes. Magnesium is the fourth highest mineral in the body. This means, if you're not getting enough of it, you are exposing yourself to risk of getting type 2 Diabetes.
Lactose Intolerance is the inability of a person to digest lactose, the sugar found in milk and other dairy products. The digestive disorder happens due to lack of lactase, the enzyme that breaks down lactose.
Baked doughnuts are the best way to eat doughnuts, not fried. This way of preparing doughnuts satisfies your cravings, yet takes out the guilt-feeling of eating the usual fried doughnuts. It is quick and easy recipe as you can bake it in as fast 30 minutes.