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Ethiopia Corn Price Soars 61 Percent on East African Drought

(By Brian Latham) Corn prices have soared 61 percent in the Ethiopian capital, Addis Ababa, from this time last year, the partly U.S.-funded Famine Early Warning Network Systems said.

The price of corn is also 56 percent higher than the five- year average, the organization, known as Fewsnet, said in an e- mailed statement today.

Since Ethiopia’s 2004-2005 farming season the price of 100 kilograms (220 pounds) of corn has climbed from about 140 birr ($8) to about 780 birr, said Fewsnet.

Relief organizations provided food to about 3.2 million out of the targeted 4 million facing shortages, Fewsnet said.

To contact the reporter on this story: Brian Latham in Harare, Zimbabwe at [email protected]

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