Saudi Govt expects 30% rise in food prices

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Re: Saudi Govt expects 30% rise in food prices

@Pakistani Dragon

Govt Expects 30% Rise in Food Prices
Saturday, January 5, 2007

JEDDAH — The Ministry of Commerce and Industry announced yesterday that prices of food products could go up by a further 20 to 30 percent this year due to a worldwide shortage.

In its annual report on supply and prices, the ministry also blamed the declining exchange rate of the US dollar, fall in agricultural produce caused by drought and hike in export duties for the record increase in prices of essential foodstuffs. …

Arab News

Not exactly a Pakistani news, but just to show you that food prices are going up all over the world and not just in Pakistan due to a shortage of supplies.

In Pakistan, there exists a large Middle Class now which means there are far more people who can afford to eat alot more than they did in the 1990s.

Yeah, but unlike them, Pakistan has had a bumper crop..

But you seem to think the food shortage and price hikes are due to increased oil supplies and a large middle class that are eating more?!?!?