Factbox-Surging food prices fuel protests across developing world -Breaking
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© Reuters. FILEPHOTO: Riot police disperse demonstrators, workers union members, during a demonstration against Peru’s President Pedro Castillo, rising food and fuel costs, Lima, Peru, April 7, 2022. Photograph taken by a drone. REUTERS/Daniel Becerri(Reuters) – The global price of grains, oil, fuel, fertilizer, and fuel has soared due to the conflict in Ukraine.
Rising food prices are fueling protests in Indonesia and Iran.
European wheat prices rose 74%, while benchmark palm oil futures rose 24% from January.
The alarming trend is on the rise and it is alarming policymakers. United Nations agencies warn that rising prices will worsen Africa’s existing food crisis and can cause severe child malnutrition.
Below are some protests, arranged alphabetically by month.
ARGENTINA:
On April 23, thousands of farmers marched against President Alberto Fernandez in Buenos Aires. His policies to limit food inflation and contain prices were criticized by the agriculture sector.
CHILE:
On March 25, thousands of Chilean students protested in Santiago demanding better food.
CYPRUS:
Cypriot farmers poured tonnes of milk onto the streets of Nicosia, lit bales and hung hay from the roof of the Presidential Palace on May 18 in protest against high production costs and the rising prices.
GREECE:
Athens was the scene of thousands protests by Greek workers against rising food and energy costs. In March Greece, the annual consumer inflation rose to 8.9%. It was at its highest in 27 years.
INDONESIA:
Indonesian farmers marched to Jakarta against the rising price of palm oil and protested it on May 17. APKASINDO, a smallholder farmer group estimates that at least 25% palm oil mills stopped purchasing palm fruit from farmers independent since the ban began. This has resulted in palm fruit prices falling 70% below the floor price established by regional authorities.
IRAN:
As rallies grow, price protests in Iran turn into political demonstrations. Protests began in May, triggered by the government’s decision to cut subsidies. This resulted in price increases of up to 300% in Iran for various flour-based staples. Some basic products, such as dairy products and cooking oil were also increased in price by the government.
KENYA:
On May 17, activists in Nairobi held a protest asking for lower living costs, particularly food, and urged the government to act.
LEBANON:
In protest of the rising price, Lebanese bus and truck drivers blocked roads in January. Protesters accused politicians of failing to deal with an economic crisis that has been ongoing since 2019.
PERU:
In April, Peru sent its army to the highways as a response to protests over fuel and food prices. Peru now has the highest rate of inflation in over a quarter-century.
SRI LANKA
After a day’s anti-government protests and strikes, Sri Lankan President Gotabaya Rajapaksa had declared an emergency in May. The confluence between the COVID-19 pandemic and rising oil prices, as well as populist tax cuts made by the Rajapaksas, created Sri Lanka’s unprecedented economic crisis.
SUDAN:
Medical personnel said that a March protester in Madani, Sudan, was killed and shot by police. The incident occurred as protestors marched through the country protesting the military coup, which has since been followed up with a severe economic decline. Since the October military coup, Sudan’s currency lost over a third its value, prompting an increase in fuel prices and food costs.
TUNISIA:
Tunisia stated on May 11, that it will increase prices for some food items, such as milk, eggs, and poultry. It did this after farmers protested against the rise in animal feed prices.
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