May 21, 2011

CHANGE: Wheat Price Spike Spells Trouble For Reliant Middle East States.

Related: Cost Of Eating Spikes For The Arab World.

Also: Mideast staggered by cost of wheat.

UPDATE: Reader Tom Grant notes that Spengler has been writing about this. “At this rate Egypt will be broke by September. . . . It will look like the Latin American banana republics, but without the bananas. That is not meant in jest: few people actually starved to death in the Latin inflations. Egypt, which imports half its wheat and a great deal of the rest of its food, will actually starve.”

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