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Grain price rise may fuel Mideast, Europe unrest

August 14, 2010 by myblessedhope

Here are some signs beginning to come true, due to the weather events, wheat prices are up nearly 70% since June.  There is also a drought impacting Russia and many other areas of Asia and Africa.  The worst in 130 years in Russia.  There is a lot more information in the full article on the potential impact.

We know that in the end times, it will take a day’s labor to buy a day’s worth of food.  It could be brought about either by hyper inflation or food shortages, or a combination.  We are nowhere near that now, but these are birth pains that Jesus mentioned and will continue to progress.

Rev. 6:6 – “Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

The two articles below site both Wheat and Barley prices rising by 70% and 100%, respectively.

________________________________________________

11 Aug 2010 10:27:35 GMT

Source: Reuters

* Price rise comes on top of impact of financial crisis

* Discontent could fuel street unrest

* Middle East, North Africa, Europe seen most at risk

* Much depends on how long price rally lasts

By Peter Apps, Political Risk Correspondent

LONDON, Aug 11 (Reuters) – Rising grain prices from Russia’s drought and fires will pressure populations already hit by the financial crisis and could stoke unrest — particularly in the Middle East, North Africa and parts of Europe. Wheat prices have risen by nearly 70 percent since June after Russia suffered its worst drought in 130 years and are at their highest since 2008, when the last major food price rally sparked protests and riots in a string of emerging nations.

________________________________________________

I found both of these articles on Rapture Ready.  I have included the link to the full article and their commentary as well.

Full Article: Grain price rise may fuel Mideast, Europe unrest

Rising grain prices from Russia’s drought and fires will pressure populations already hit by the financial crisis and could stoke unrest — particularly in the Middle East, North Africa and parts of Europe. Wheat prices have risen by nearly 70 percent since June after Russia suffered its worst drought in 130 years and are at their highest since 2008, when the last major food price rally sparked protests and riots in a string of emerging nations. Analysts warn that if prices stay high then the threat of street violence will increase — at least up to a point

Second Article: Drought doubles price of barley in six weeks

The price of barley, an important feed grain for the European livestock industry, has more than doubled in six weeks in response to the drought affecting Russia and Ukraine, prompting fears of increases in the cost of meat and poultry.  Barley production is also down in the European Union and Canada – two other large exporters – due to bad weather.

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