This is probably only an excuse, most other commodities are down. There is more and more evidence emerging that food prices are being manipulated (more than usual).
bertb news feed
Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) has developed a type of genetically modified (GM) wheat that may silence human genes, leading to disastrous health consequences.
WT news feed
The dismal harvests will increase the country’s reliance on the secretive trading firms which dominate the international grain market
WT news feed
Apparently India has built up so much wheat reserves that they are running out of space in warehouses, leaving the excess to rot in open air dumps. Now some people in the government think that just might be a bit unjust when millions go hungry every day.
bertb news feed
India will send a delegation to Iran next week to clinch a wheat export deal after months of negotiations to help partly meet payments for Iranian oil and fix an imbalance in trade in favor of Tehran, Indian government sources said.
WT news feed
Iran has agreed to import one million tons of wheat from Pakistan under barter trade deal at 0 per metric ton, Business Recorder reported.
WT news feed
Iran has purchased 60,000 metric tonnes (66,139 tons) of U.S. wheat, the U.S. government said on Thursday, raising the two-week tally to 180,000 metric tonnes, which industry sources said reopened grain trade ties between the two countries embroiled in a stand-off over Tehran’s nuclear ambitions.
WT news feed
The idea is to change staple crops so that they grow in salt water. Gene splicing is done by classical means (?) and a quick search tells me the patent for the gene is not held by a GM Giant. So far.
bertb news feed
More than ã50m of World Food Programme aid to feed the starving has ended up in the hands of a London-listed commodities trader run by billionaires, despite a pledge by the United Nations agency to buy food from “very poor farmer
WT news feed
