Increased grain demand could mean famine, says fertilizer exec
by Patrick Metzger
Feb 21st 2008 @ 4:43PM
Before you take a big mouthful of that organic peanut butter on
whole wheat, consider this - worldwide stocks of grain are down to 53
days worth of supply, the lowest since record-keeping began back in
1960.
William Doyle,
CEO of fertilizer giant Potash Corp. of Saskatchewan said in an
interview this week that growing demand for grain from people and
livestock could lead to famine in the near future. Doyle said "We need
to have a record crop in 2008 just to stay even with this very low
inventory situation'', and further noted that a failure of grain crops
on the part of any major producer, such as the US, would be disastrous
for the world food situation.
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