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FAO: Food supply exceeds demand in Latin America
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11:34, August 26, 2008

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The United Nations Food and Agriculture Organization (FAO) said Monday that harvests in Latin America and the Caribbean surpassed consumption demand by 40 percent.

The regional FAO office said Monday in a report published in the local press that the rise of food, oil and other materials prices has become a relevant issue in the region in 2008.

But according to the FAO, the region, as a group, does not have major problems concerning the availability of food.

Instead, the FAO said problems for this region center on "the aggravation of a structural situation, of insufficient access to food by many social sectors, which do not have the income nor the capacity of buying to get them."

According to the report, the rise of global food prices, while beginning to accelerate in 2008, actually started five years ago.

Food export countries like Brazil and Argentina now have a great business opportunity at international level, while those who import will need to substitute imports by utilizing idle capacities in agriculture, the FAO said.


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