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Rising grain prices from Russia's drought and fires will pressure populations already hit by the financial crisis and could stoke unrest — particularly in the Middle East, North Africa and parts of Europe. Winfried Rothermel / AP Wheat Fields Wheat prices have risen by nearly 70 percent since June after Russia suffered its worst drought in 130 years and are at their highest since 2008, when the last major food price rally sparked protests and riots in a string of emerging nations. Analysts warn that if prices stay high then the threat of street violence will increase — at least up to a point. "We could see some street riots but I wouldn't expect any governments to fall," said Jonathan Wood, global issues analyst for consultancy Control Risks. "On one level, we have much less of a problem than in 2008 because we have better food stocks. On the other hand, because of the financial crisis many countries are not in such a good position financially to deal with it."
Originally posted by Danbones
Next the speculaters will get on board and drive the price right through the roof, and then they will complain about the cost of bread...
Are countries still paying farmers not to grow food...?
Oh yeah peak food.
; this can quickly develop into a worldwide crisis of unprecedented proportions. All food's price is based on the price of oil, and if oil rises it will further cause a raise in the price of foodstuffs like wheat or alternative grains.
Wait till they start jacking around with oil prices again.
Originally posted by Asktheanimals
Only this time millions will starve to death sitting in front of the television waiting for FEMA to come rescue them.