Sunday, 22 May 2011

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Wheat price spike spells trouble for reliant Middle East states

  • Sunday, 22 May 2011
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  • Already fragile Middle Eastern governments are bracing themselves for the fallout of increased costs for wheat, The Wall Street Journal reports. The grain had shot up at least 17 percent this week as of Wednesday evening, largely as a result of inclement weather. U.S. crops endured soggy weather while Western European fields suffered from drought conditions, which force up prices and add tension



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