Did you know that the Middle East is "staggered" by the cost of wheat? According to the Wall Street Journal, wheat prices have increased by 17% this week alone! They are up 91% in less than one year! The main two factors causing the rise are wetness in the United States and drought in Russia. Wheat is the main staple of Middle Easterners. Tunisians, for example, consume 478 pounds per person per year, whereas in the United States we consume 177 pounds per person.
So, while we are "staggered" by the cost of Middle East oil, they are staggered by the cost of our wheat!
1 comment:
Good maybe we can make a deal ha ha. What wetness? We're in a drought.
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