8 Nations That Might Face Food Riots

Months of rising food prices threaten peace in numerous nations

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8 Nations That Might Face Food Riots

Libya

Libya Tripoli market 630 flickr 267x300 8 Nations That Might Face Food RiotsFood prices are skyrocketing as civil war rages in Libya. In response, the government of strongman Moammar Gadhafi abolished taxes on locally grown and imported food products, according to Reuters. The Associated Press reported in February that rice prices had soared 500%. Long lines were seen at bakeries in Tripoli. In April, the U.N. World Food Programme said it had begun delivering food aid through a newly opened humanitarian corridor to reach the western parts of the country that was affected most by the fighting. “A first convoy of eight trucks loaded with 240 tons of wheat flour and 9.1 tons of high-energy biscuits – enough to feed nearly 50,000 people for a month – crossed … (into) to western Libya from Ras Jedir on the Libyan-Tunisian border,” according to the U.N.


Article printed from InvestorPlace Media, http://investorplace.com/2011/07/8-nations-food-riot/.

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