World Wheat Crisis
(April 2, 2008) In the U.S., pastries may cost a few pennies more. But in Pakistan and Egypt, soaring wheat prices have caused bread riots, and in the poorest countries, babies will starve. The wheat crisis is caused by a nexus of factors - drought in Australia, growing demand in Asia, market speculation, and even the use of food to make biofuels. The effects make clear that the global economy is, for some, a trap they cannot see, or escape.
SOURCES: ABC News, U.S.; Deutche Welle, Germany; Hechos, El Salvador; Teletrece, Chile; BBC, U.K.; Al Jazeera English, Qatar; South Asia Newsline, India; KBS, Korea.
(April 2, 2008) In the U.S., pastries may cost a few pennies more. But in Pakistan and Egypt, soaring wheat prices have caused bread riots, and in the poorest countries, babies will starve. The wheat crisis is caused by a nexus of factors - drought in Australia, growing demand in Asia, market speculation, and even the use of food to make biofuels. The effects make clear that the global economy is, for some, a trap they cannot see, or escape.
SOURCES: ABC News, U.S.; Deutche Welle, Germany; Hechos, El Salvador; Teletrece, Chile; BBC, U.K.; Al Jazeera English, Qatar; South Asia Newsline, India; KBS, Korea.
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World Wheat Crisis
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