BRICS… More Hungry For Power Than Food?

In a conference call that I attended Friday discussing second quarter performance Brazil’s finance minister Guido Mantega noted that agricultural production increased 3.9% . That’s good for Russia and the rest of the BRICS because Brazil’s food exports help feed them. Among the alliance Brazil is the only nation that can feed itself. Russia, China, India and South Africa have food trade deficits. Among non-BRICS, Japan remains dependent as the world’s largest food importer...