Soaring prices spark fears of social unrest in developing world
John W. Schoen
MSNBC
Strained by rising demand and battered by bad weather, the global food supply chain is stretched to the limit, sending prices soaring and sparking concerns about a repeat of food riots last seen three years ago.
Signs of the strain can be found from Australia to Argentina, Canada to Russia.
On Friday, Tunisia’s president fled the country after trying to quell deadly riots in the North African country by slashing prices on food staples.
“We are entering a danger territory,” Abdolreza Abbassian, chief economist at the U.N.’s Food and Agriculture Organization (FAO), said last week.
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