Monday, April 14, 2008

The China Syndrome

"Hungry for trade with mineral- and agriculture-rich Latin America, the Chinese are binding themselves closer with the continent, snapping up commodities such as Brazilian soy and Chilean copper in record amounts.

In Brazil, the soy bonanza is changing the fortunes of soy farmers, as well as the landscape.

Because of the growing demand for soy, which is a key nutrient for poultry, swine and cattle, the price has risen from $150 a ton to $300 a ton. But China keeps buying because it has to provide nourishment for its increasingly prosperous middle class."

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