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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (11798)	2/5/2011 1:08:28 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24210

EGYPT: Fears of a food crisis after Russia's wheat export ban August 8, 2010 latimesblogs.latimes.com Russia's decision to ban grain exports is fueling anxiety among Egyptians that an international wheat crisis could lead to massive food shortages in the Arab world's most populous country. Egypt is the world's top wheat importer, annually buying 6 million to 7 million tons from the international market. About 50% of that comes from Russia. However, record high heat, accompanied by wildfire and drought, has forced Moscow to abandon its commitments on wheat exports in order to protect Russian needs. That means Egypt will not receive 540,000 tons of wheat that was scheduled for delivery by Sept. 10. ... Egyptians' greatest fear is a possible increase in the price of subsidized wheat products, such as bread, which are heavily relied upon by millions of poor citizens. According to U.N. figures, one-fifth of Egypt's population of 80 million are living on less than $1 per day. = Russia's grain ban showcases Egypt's love of bread August 17, 2010 "Subsidized bread is the most important thing the government gives to the people," said Egyptian economist Mohammed Abu Pasha of investment house EFG-Hermes. "It is a very basic and sensitive issue and the government had to act quickly to reassure people. It is not about elections, it's about possible social unrest." Even the language here conveys how essential bread is. Egyptians alone in the Arab world call it "aish," Arabic for "life." It's one of the few affordable staples in the country -- costing the equivalent of $0.01 per round loaf. boston.com