S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68

Iran media report 1 killed in unrest over food price hikes

Saturday, May 14, 2022 | The Associated Press

TEHRAN, Iran (AP) — An Iranian lawmaker says one person was killed in his city during recent unrest over price increases in the southwestern Khuzestan province, semi-official ILNA news agency reported Saturday.

Ahmad Avaei, a member of parliament from Dezful did not give the name or gender of the person killed, or say how many people were arrested during the unrest.

State media reported Friday that Iranian authorities had arrested at least 22 demonstrators who had been protesting sudden price hikes of subsidized staple foods, 15 of them in Dezful. A firefighter was injured in clashes with demonstrators in a nearby city, Andimeshk.

The unrests follow Iran’s announcement earlier in the week that the cost of cooking oil, chicken, eggs and milk would rise by as much as 300%, as food prices surge across the Middle East due to global supply chain snarls and Russia’s invasion of major food exporter Ukraine.

State TV on Friday showed footage of demonstrations in the province that had deteriorated into violence, with protesters burning tires and leaving mosques and public property damaged.

Memories of Iran’s fuel price hike in November 2019 also remain fresh. Then, widespread protests — the most violent since the creation of the Islamic Republic in 1979 — rocked the country.


7 Agricultural Technology Stocks to Buy as Commodity Prices Remain Volatile

Agriculture stocks have a place in every investor's portfolio. The fact is that the byproduct of agriculture literally feeds the world. But for a variety of reasons, supply and/or demand can be disrupted. For example, the weather is often a concern. Farmers are always subject to periods of drought or flooding.

 But the past few years have shown how this sector is not immune from geopolitical concerns. The Covid-19 pandemic affected supply chains on top of seeing demand destruction in key markets. And this year, the world is seeing how interconnected we've become. Russia's war on Ukraine is shutting in a large percentage of the world's wheat supply.

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