Our Awful Situation
Mideast reels as hunger outgrows oil earnings
For years, food policy in the Middle East and North Africa was very simple: hydrocarbon exports paid for carbohydrate imports.
Rising agricultural commodities prices and a large population increase mean that the traditional policy is now untenable even if crude oil trades at about $120 a barrel, forcing countries in the region, including Saudi Arabia, to reconsider how it feeds its population.
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