Food prices soar in African countries, wheat prices rose by over 87%

After the president of the World Bank proposed that African countries place food development on the primary agenda, African countries began to protest. Wheat prices have soared, rising by more than 87% in Sudan, increasing rice by 30% in Chad, and increasing maize by 25% in Uganda, Somalia, Mozambique and Kenya.

According to media reports, about 100 people have jammed and disrupted traffic near the Kenyan parliament, protesting that the cuts in kerosene and diesel taxes are too small. The Associated Press said that corruption is a reef in Kenya. The crisis in Libya fueled the fuel prices, and anxiety and fear spread to the Middle East. Saudi Arabia’s WTI crude oil prices exceeded US$100.

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Pharmaceutical Intermediates

Pharmaceutical Intermediates

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