Published:  01:20 AM, 20 May 2022

Surging food prices fuel protests across developing world

The war in Ukraine and drought fuelled by climate change has sent global prices for grains, cooking oils, fuel and fertilizer soaring. Rising prices for basic food staples is fuelling protests from Indonesia to Iran. European wheat prices have jumped 74 per cent and benchmark palm oil futures went up 24 per cent since January. The trend is growing and is alarming policymakers, with United Nations agencies warning that the price hikes will worsen an existing food crisis in Africa and could cause "catastrophic" child malnutrition. Following are protests in alphabetical order that have erupted over food prices over the past few months.

Argentina-Thousands of farmers protested in Buenos Aires on Apr 23 against President Alberto Fernandez, whose policies to contain food prices to curb rampant inflation have been criticised by the agricultural sector.Chile-Thousands of students marched through the Chilean capital Santiago on Mar 25 demanding higher food stipends.

Cyprus-Cypriot farmers dumped tones of milk and lit bales of hay outside the presidential palace in the capital Nicosia on May 18, in protest at high prices and production issues. Greece-Thousands of Greek workers protested in Athens in May Day rallies against surge in energy and food prices. Greece's annual consumer inflation accelerated to 8.9 per cent in March, hitting its highest level in 27 years. Indonesia-Indonesian farmers protested in Jakarta on May 17 against rising cost of palm oil export ban. Smallholder farmers' group APKASINDO estimates at least 25 per cent of palm oil mills have stopped buying palm fruit from independent farmers since the ban started, sending the price of palm fruit 70 per cent below a floor price set by regional authorities.

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