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Nestle chief warns of new food riots
Posted By yihan On October 7, 2011 @ 7:49 am In Featured Stories,Tile,World News | Comments Disabled
Friday, October 7, 2011
The head of the world’s biggest food company Nestle said on Friday that rising food prices have created conditions “similar” to 2008 when hunger riots took place in many countries.
“The situation is similar (to 2008). This has become the new reality,” the Swiss giant’s chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview.
“We have reached a level of food prices that is substantially higher than before. It will likely settle down at this level.
“If you live in a developing country and spend 80 percent of your income on food then of course you are going to feel it more than here (in Europe) where it is maybe eight percent.”
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URLs in this post:
 AFP : http://www.france24.com/en/20111007-nestle-chief-warns-new-food-riots
 Food Riots Next? FAO Says Food Prices Surpass Record Highs Seen During 2007-2008 Bubble: http://www.prisonplanet.com/food-riots-next-fao-says-food-prices-surpass-record-highs-seen-during-2007-2008-bubble.html
 Food prices to skyrocket, riots could follow, suggests USDA: http://www.prisonplanet.com/food-prices-to-skyrocket-riots-could-follow-suggests-usda.html
 IMF Chief Warns Of Riots In Response To Economic Crisis: http://www.prisonplanet.com/imf-chief-warns-of-riots-in-response-to-economic-crisis.html
 OPEC chief warns of ‘unlimited’ oil prices if Iran is attacked: http://www.prisonplanet.com/opec-chief-warns-of-unlimited-oil-prices-if-iran-is-attacked.html
 Food Riots Have Already Begun as Global Grain Prices Skyrocket, Supplies Dwindle: http://www.prisonplanet.com/food-riots-have-already-begun-as-global-grain-prices-skyrocket-supplies-dwindle.html
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