A demonstrator throws a tire on a burning barricade during riots in Maputo, Mozambique, on Wednesday. Police fired rubber bullets and teargas during protests against rising prices. (Reuters)
Source: Neil MacFarquhar / The New York Times / MSNBC.com
Food prices rose 5 percent globally during August, according to the United Nations, spurred mostly by the higher cost of wheat, and the first signs of unrest erupted as 10 people died in Mozambique during clashes ignited partly by a 30 percent leap in the cost of bread .
“You are dealing with an unstable situation,” said Abdolreza Abbassian, an economist at the United Nation’s Food and Agriculture Organization in Rome.
“People still remember what happened a few years ago, so it is a combination of psychology and the expectation that worse may come,” he added. “There are critical months ahead.”
The F.A.O. has called a special session of grain experts from around the world on Sept. 24 to address the supply question. Given that the fields stretching out from the Black Sea have been the main source of a huge leap in wheat trade over the past decade, the fluctuating weather patterns and unstable harvests there will have to be addressed, he said.
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