Global trader Senegal badly exposed to food-price volatility - The Irish Times - Wed, Dec 15, 2010
Why can't these countries feed themselves?
Global trader Senegal badly exposed to food-price volatility - The Irish Times - Wed, Dec 15, 2010:
"Its roots lay 6,500km away, in Moscow, where the Kremlin had taken the decision, two months earlier, to temporarily ban wheat exports as Russia struggled with its worst drought on record.
Since Russia is the world’s third-largest wheat exporter, that immediately caused prices on the global market to soar, and within weeks riots over rising bread prices had broken out in Mozambique and the Senegalese bakers were on strike."
Global trader Senegal badly exposed to food-price volatility - The Irish Times - Wed, Dec 15, 2010:
"Its roots lay 6,500km away, in Moscow, where the Kremlin had taken the decision, two months earlier, to temporarily ban wheat exports as Russia struggled with its worst drought on record.
Since Russia is the world’s third-largest wheat exporter, that immediately caused prices on the global market to soar, and within weeks riots over rising bread prices had broken out in Mozambique and the Senegalese bakers were on strike."
posted by Jay at
6:06 PM
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