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UN warns of food riots

May 29, 2011

Full Article at http://www.guardian.co.uk/business/2011/may/27/food-riots-warning-by-un-as-commodities-soar

UN warns of food riots in developing world as drought pushes up prices

By Tom Bawden

Food prices are expected to hit new highs in the coming weeks, tightening the squeeze on UK households and potentially triggering further unrest in developing countries unless there is heavy rainfall across drought-affected Europe, the United Nations has warned.

The average global price of cereals jumped by 71% to a new record in the year to April, more than three times higher than a decade ago, according to latest UN figures, prompting its Food and Agriculture Organisation to warn that Europe faces a pivotal few weeks.

With the dry spell forecast to continue for several weeks across Europe, Abdolreza Abbassian, senior grains economist at the FAO, said: “Europe is entering a very critical month. We can’t do without rain any more. If the current situation continues prices will respond very aggressively.”

Full Article at http://www.guardian.co.uk/business/2011/may/27/food-riots-warning-by-un-as-commodities-soar

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