The Associated Press: Bread Crisis in Egypt Leads to Clashes: "The turmoil in the world's most populous Arab country, a top U.S. ally, is a stark sign of how rising world food prices are roiling poorer countries.
Egypt grows about half of the more than 14 million tons of wheat it consumes every year. It has also long been one of the top importers of U.S. wheat, using about $54 million of some $2 billion a year in U.S. aid to buy it. But its U.S. purchases have been falling as it searches for cheaper sellers on the world market, where prices have tripled in the last 10 months."
Friday, March 28, 2008
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