Argentina 2010/2011 crop reached 102.082 million tons of grains and oil seeds, a ‘historic record’, according to an official release from the Ministry of Agriculture.
Brazil stands on the brink of becoming an agricultural superpower and is one of the few countries in the world with the climate, technology, farming practices and the sheer quantity of land to be able to satisfy the surging global appetite for food in the coming decades.
North Africa and Middle East civil unrest can be expected to spread to several other countries if as anticipated the FAO Food Prices Index for January 2011 confirms the December 2010 tendency when the “basket” of food staples reached a new peak.
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.
Argentine industrial output surprised market expectations in March, powered by an increase in auto production, the latest sign of a strong rebound in Latin America's number three economy.