Saturday, January 8, 2011


A new food crisis is brewing as commodity prices have reached a record high. Expect unrest.  After Tunisia, Algeria. From the Financial Times

Rising food prices have provoked riots in Algeria, as frustrated youths grappling with high unemployment clashed with police in several cities, including the capital Algiers.
Shops in some neighbourhoods in the capital were shutting their doors on Thursday afternoon after riots erupted on Wednesday in protest against steep increases in the price of several commodities, including sugar, cooking oil and wheat.

1 comment:

Yann said...

The price of sugar and cooking oil is not the cause of the revolt.
Only the top of the iceberg.

United against oppression and inequality.