Word: grains
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...truth to the old joke that the people of Finland think sausage is a vegetable, they do have a legendary fondness for fat--and such high cholesterol counts that they are favorite research subjects for heart-disease studies. All that may change if a tiny food-and-grain company has its way. The Raisio Group of Finland has developed a margarine blend that actually lowers a person's cholesterol 10% to 15%. Some experts believe regular consumption could cut the risk of heart attack by a third...
KAESONG CITY, North Korea: Still reeling from the economic losses caused by last year's ruinous floods, North Korea is once again suffering heavy monsoon rains that have inundated several key grain-producing regions, causing severe damage to farmland and killing at least 230 people. The flooding, which has caused less extensive damage in parts of South Korea, has destroyed as much as 20 percent of North Korea's annual food production. Robert Hauser, country representative of the World Food Programme in DPRK, talked to TIME after returning from Kaesong City, which is flooded by about 8 feet of water...
...energy prices. "You'll see the biggest price increases in foods consisting mostly of the commodities that are in short supply," says Saporito. "For example, ice cream prices are rising because a major ingredient, milk, has gotten more expensive. Cereal, on the other hand, is only about six percent grain, so even though corn supplies are at record lows, corn flakes are unlikely to cost more." Increasing competition in the food market is also likely to minimize the effect that the higher wholesale costs will have on consumers, says Saporito. The ongoing cereal wars, for example, have lowered prices...
...Saddam keeps a hangman on duty 24 hours a day." Marlowe also cautions that there are at least three reported coup attempts each year, many of which are unfounded rumors floated by Saddam's enemies to create an air of instability. "We try to take these reports with a grain of salt. The Iraqi dissidents have a vested interest in getting word out that the country is destabilizing," she says. For now at least, the leader seems to be effectively keeping a tight grip on the country. -- Jenifer Mattos
...have fallen to a 50 year low, and commodity exchanges are seeing record wheat prices. The price of a May wheat futures contract has risen to around $7.00 per bushel, up from $4.95 at the beginning of February. The shortage of winter wheat is part of an overall global grain problem. Global grain production has not grown since 1990, although the world's population has increased by 440 million since then. Huge Chinese consumption exerts substantial influence over the grain supply, and in recent years its demand for feed grain has outstripped domestic supply. In recent years, China has become...