France's Agriculture Ministry said Tuesday that the G20 farm body considers the current situation on cereal markets to be worrying, but not a threat to global food security, as drought in the U.S. over the summer caused corn and soya prices to soar.
In a press release Tuesday, the ministry said that France--which currently holds the presidency of the Group of 20 body, the Agricultural Market Information System, or AMIS--, the future head of AMIS, the U.S., and Mexico as the current head of the G20, along with other international organizations spoke on a conference call last night.
Participants in the conference call discussed the current situation on the cereal markets, including the rise in corn and soya prices and a deterioration on the wheat market, the French Agriculture Ministry said.
The French Agriculture Minister said he will be attentive to new elements on the matter, in particular the next report from the U.S. Department of Agriculture...
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Source: Argentine Beef Packers S.A.
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