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Russia's grain ban is the wrong response

Source: Financial Times, 8th August 2010

Two years ago, rocketing prices for agricultural commodities sparked food riots in the streets of some developing countries. Prices have been rising sharply again this year, especially for grains such as wheat. Last week, they shot up after Russia imposed an export ban on grains until the end of this year. Another food crisis does not look out of the question.



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