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The worst thing that could happen to Egypt
h/t Gates of ViennaThe price of wheat on the active futures contract shot up to $943 a bushel from only $625 a bushel just a month ago, due to the drought in the US Midwest and other factors. That is a further blow to stability in Egypt, the world's largest wheat importer, dependent on foreign sources for half its caloric consumption. Egypt now imports 800,000 metric tons of wheat a year. The government is considering doubling the price of bread I'm beginning to understand why the Army allowed MB take the rule. Posted by: g(r)omgoru 2012-07-22 |
| http://www.rantburg.com/poparticle.php?ID=348884 |