June 21, 2011

The House of Representatives approve US$125.5 billion

The US House of Representatives have approved the agricultural spending bill of US$125.5 (€87.49 ) billion. The new bill stops millions of dollars payments to Brazil and effectively bars the US government from invest in future ethanol blender pumps.

The bill has been severely criticised by the Obama administration for underfunding the efforts to beef up food safety initiatives. There is fear that by stopping payments to Brazil it could spark a trade war. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers

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