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Mozambique reverses bread price rise in wake of riots | Mozambique reverses bread price rise in wake of riots |
(40 minutes later) | |
Mozambique says it will reverse the increase in the price of bread that sparked deadly riots last week. | Mozambique says it will reverse the increase in the price of bread that sparked deadly riots last week. |
The announcement of the change in policy came from the planning minister, Aiuba Cuereneia, who also said the country would restore some subsidies for electricity and water. | The announcement of the change in policy came from the planning minister, Aiuba Cuereneia, who also said the country would restore some subsidies for electricity and water. |
A jump in the price of bread and other goods sparked three days of protests. | A jump in the price of bread and other goods sparked three days of protests. |
The government said more than 400 people had been arrested in the wake of the riots, which left 13 people dead. | The government said more than 400 people had been arrested in the wake of the riots, which left 13 people dead. |
The minister's statement said the government would "maintain the previous price of bread through the introduction of a subsidy." | The minister's statement said the government would "maintain the previous price of bread through the introduction of a subsidy." |
The Mozambique government had previously called the price rises "irreversible". | The Mozambique government had previously called the price rises "irreversible". |
Keeping food prices low in the country is difficult because so much of its food has to be imported. | |
The southeastern African nation grows only 30% of the wheat it needs. | |
The price hikes were partly caused by a decline in the value of the Mozambican currency against the South African rand, analysts say, which means imports grow more expensive. | |
On top of that, wheat prices have risen in value anyway following a drought in Russia, one of the world's main exporters. |
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