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Commodities Trading: Food riots and cash crops

Posted April 23, 2008

“What has sparked such energy from bureaucrats better known for their plodding nature? Nothing sets a fire under such folks like a good food riot.” — Adam Lass

by Adam Lass

Baltimore – (TFN): Brick-throwing crowds have been reported in Egypt, Cameroon, Cote d’Ivoire, Senegal and Ethiopia. But these are not your usual protestors or hooligans.

The army has been called out in Pakistan and Thailand to protect against thefts from stores, fields and warehouses. Ministers from around the world are meeting under the aegis of the World Bank and IMF to determine a course of “immediate action.”

What has sparked such energy from bureaucrats better known for their plodding nature? Nothing sets a fire under such folks like a good food riot.

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In Mexico City, the masses protest tortilla prices. In West Bengal, they fight over food rations. Across Africa, we see riots over grain. And in Yemen and Haiti, ill-shod children march in rank and file to call attention to their hunger.

Commodities Trading: Cash crops get pricey

It’s not quite the same as the bad old days, when there simply wasn’t enough food to go around. Green revolutions in India and China took care of mass starvation issues decades ago. And here in the “bread basket to the world,” known as the U.S.A., crop rotation issues have gone by the wayside, too. Massive agrifactories and small farmers alike will plow record acreage this season. Read on to learn more.

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