Thursday, April 24, 2008

High food prices infect Latin America

Leaders of Bolivia, Nicaragua, Venezuela and Cuba gathered yesterday to launch a $100 million fund for food including rice, beans and corn in the shadow of rising global food prices.

The leaders blamed capitalism for the soaring prices.

Venezuelan president Hugo Chavez suggested a regional food distribution system and speeding up other food delivery systems that are already implemented.

Read the Reuters story here.

Source: Reuters, Photo:

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