El Salvador Evaluates Bean and Corn Purchase
The country's Farming Ministry (MAG) is considering whether to purchase grains outside Central America in order to avoid food scarcity.
Friday, July 30, 2010
The heavy rains have led to corn losses and put the bean harvest at risk. There is also the added risk of reduced harvests in Nicaragua, El Salvador's main bean supplier.
To avoid bean shortages, the country will import around 200,000 sacks from Mexico and Colombia.
Without defining the country which will be purchased from, the Ministry of Agriculture announced the transaction in order to alleviate the shortage of grain.
The country has already seen 180,000 hundredweight of beans arrive on its shores this year, 40% more than in the same period in 2010, which has stabilized prices.
Facing a potential shortage of beans, the government will ask companies to import the product directly.
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