On the streets of Maputo the capital of Mozambique riots flared for the third successive day.
Police fired rubber bullets and reports say up to ten people have now been killed with over four hundred and forty injured. The protests have been sparked by high bread prices which have risen by 30 per cent in one of the world’s poorest countries.
An extended grain export ban in Russia has been partially responsible for the soaring global wheat prices.
‘‘Just the very fact that we could have export curbs on governmental intervention in the grains markets made the markets quite nervous.
Really we’re at much more comfortable levels globally we have stocks between 40 to 45 percent higher than that point. so no cause for concern that we’re going back to 07/08,” explained analyst Sudakshina Unnikrishnanan.
Food shortages three years ago triggered similar protests in Mozambique while people also took to the streets in Egypt and Somalia in what was the worst food crisis for three decades.
Amid fears that prices would continue to rise the United Nations’ food agency has called a special meeting later this month of policy makers to discuss the recent rise in global food prices.