Ethiopia says to import 150,000 tonnes wheat
“The government has signed an agreement to import 1.5 million quintals (150,000 tonnes) of wheat within the next one and half months to stabilise food grain prices,” Prime Minister Meles Zenawi told parliament.
“Food grain price stability was not achieved in some communities due to illegal practices by traders operating outside the law,” he said.
The leader of sub-Saharan
The Ministry of Finance says inflation stands at 19 percent, mostly due to high petrol prices.
Meles said the government will take action against black market operators. Last week, police arrested 45 traders.
Food shortages are worse in sub-Saharan
The International Monetary Fund (IMF) said on Monday that
A U.S.-funded early warning system, FEWSNET, has said that up to nine million Ethiopians may need food assistance in 2008 due to drought. (Reporting by Tsegaye Tadesse, editing by Jack Kimball and Peter Blackburn) (For full Reuters Africa coverage and to have your say on the top issues, visit http://africa.reuters.com/). (email@example.com; +254 20 2224 717)