Wednesday, July 25, 2007
The impact of global warming as well as the shift from food cereals to biofuels is starting to be felt in Lebanon: bread makers have threatened to raise the price of bread, so the government stepped in to subsidize wheat prices by selling 50,000 tons at the price of $225 per ton as opposed to $300 price in Beirut. Wheat import in Lebanon is monopolized by a cartel of 12 mills, owned by 10 people. The head of the breadmakers union accuses the government of committing a crime by subsidizing the cartel. The head of the consumers association calls the cartel a group of vampires and blames the minister of Economy and Trade Sami Haddad (him again) for subsidizing it. The cartel: we are falsely accused.