'Two Bad Seasons from Disaster' (Mideast-Food CRISIS) - The Weekly Middle East Reporter (Beirut, Lebanon) & Ed Blanche

'Two Bad Seasons from Disaster' (Mideast-Food CRISIS)

By The Weekly Middle East Reporter (Beirut, Lebanon) & Ed Blanche

  • Release Date - Published: 2011-05-14
  • Book Genre: Reference
  • Author: The Weekly Middle East Reporter (Beirut, Lebanon) & Ed Blanche
Our rating: 5/5 stars

Score: (From 0 Ratings)

'Two Bad Seasons from Disaster' (Mideast-Food CRISIS) The Weekly Middle East Reporter (Beirut, Lebanon) & Ed Blanche read online review & book description:

The political turmoil that has swept the Arab world since January was unleashed in part because of high food prices in countries that depend on imports to feed burgeoning populations. All the indicators are that this situation is going to get worse in the Middle East. The United Nations' Food and Agriculture Organization (FAO) estimates that over the last decade global food prices have risen an average of 83 percent. In February, as the Arab world exploded, the FAO declared global food prices were at a new all-time high. With another multi-year surge in food prices likely, the Rome-based organization's senior economist, Abdolreza Abbassian, predicts, "We are two bad seasons from a major disaster." "For decades the agricultural policy of the Middle East and North Africa has been extremely simple: hydrocarbon exports pay for carbohydrate imports," observed commodities expert Javier Blas of The Financial Times. "As social and political unrest sweeps the region, the policy has two implications for commodities markets: countries will try everything to maintain high oil prices, and will hoard food supplies which will push agricultural costs higher. This bargain - providing the world with oil and gas in return for cereals - is clear in a country such as Libya, which is one of the world's largest wheat importers per capita, as it is in Algeria and Saudi Arabia."

@2019 – Go Read a Book. All Right Reserved. goreadabook.org is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for website owners, to earn advertising fees by linking and advertising to amazon.com and any other website that may be affiliated with Amazon Service LLC Associates Program; As an Amazon Associate I earn from qualifying purchases.

'Two Bad Seasons from Disaster' (Mideast-Food CRISIS) book review 'Two Bad Seasons from Disaster' (Mideast-Food CRISIS) ePUB; The Weekly Middle East Reporter (Beirut, Lebanon) & Ed Blanche; Reference books.

Post a review about this book