The global food crisis and progressing hyperinflation a major concern - Russia extends its grain export ban by 12 months, Mozambique bursts into riots for increasing bread prices
Parth Sharma
Sep. 3, 2010

Two days of massive unrest in Maputo, Mozambique, left eighteen people dead and 480 injured after the government decided to raise bread prices by 40%. Russian grain situation is very grim with drought and massive shortages.

The grain prices are rising sharply. This will drag food and energy inflation into the stage of real hyperinflation. That can in turn collapse world economies.

In India and China the food inflation is so rampant over a long period of time that people have stopped complaining making it part of life.

Global food supply is collapsing silently. The grains are ready to explode in prices. The shortage is so severe in some parts of the world that it is unbelievable.

In the USA, Walmart has already announced a price hike of 5.8% on average for a 31-item basic basket for this Autumn. The long-term rise, however, is far more frightening, with the UNO predicting an increase of 60 per cent by 2030.

Analysts predict upward trends in wheat, corn, soybeans, bean oil and bean meal and the general feeling is a continued rising trend over the next 12 to 18 months. As usual, no mechanisms have been activated to protect the world’s poorer populations from the dramatic effects of supply issues and the resulting speculation in prices.

The global food crisis and progressing hyperinflation a major concern - Russia extends its grain export ban by 12 months, Mozambique bursts into riots for increasing bread prices
Parth Sharma
Two days of massive unrest in Maputo, Mozambique, left eighteen people dead and 480 injured after the government decided to raise bread prices by 40%. Russian grain situation is very grim with drought and massive shortages.
READ MORE>>

The global food crisis and progressing hyperinflation a major concern - Russia extends xtend its grain export ban by 12 months, Mozambique bursts into riots for increasing bread prices
Parth Sharma
Two days of massive unrest in Maputo, Mozambique, left eighteen people dead and 480 injured after the government decided to raise bread prices by 40%. Russian grain situation is very grim with drought and massive shortages.
READ MORE>>

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