France and the U.N. food agency FAO warned on Friday about the risk of a new global food crisis and ensuing riots, calling for greater regulation to curb speculation on commodities markets.
Argentina's government has ordered unions to suspend a week-old strike at leading grains ports for a 15-day period to hold talks with company bosses, a Labour Ministry spokesman said on Tuesday.
The provincial government of Santa Fe home of Argentina's grain export hub has requested the federal government to help end a week-old strike that is delaying shipments from one of the world's biggest food suppliers, the provincial Labour minister said on Tuesday.
Wheat sales for the 2009-2010 season in Argentina are primarily from the crop harvested through January 2010, which was curbed by water shortages, reports Bloomberg.
The farmers’ strike which has been taking in place in Argentina for the past week ended on midnight Sunday but the leaders have warned that members of the relevant rural entities will meet in two weeks, to discuss further measures and that they do not rule out another strike. The current measures had put a halt to the sale of grains.
Argentine farmers threatened to go on strike for a second time this year if the government does not change their policy towards them. At a meeting in Buenos Aires province city, Bahia Blanca, farm workers leaders met to discuss the week-long strike, which began last Monday. Farmers have stopped the sale of wheat, corn and soybean over export curbs.
Argentine farmers have halted sales of wheat, corn and soy in a strike over export curbs, rekindling a dispute that helped drive global grains prices to record highs three years ago.
Corn and soybeans advanced for a second day as dry weather stressed crops in Argentina, raising concerns the global deficit may be larger than estimated.
The United Nation's Food and Agricultural Organization, FAO, global food prices index reached a record high in December, 2010 reported the organization this week. The FAO food index tracks a basket of 55 key food commodities including items such as wheat, cooking oil and fats and sugar.
The Uruguayan government declared Thursday an “agriculture state of emergency” because of the drought situation to the north of the country. The declaration opens the way to grant small farmers government support.