Arab World governments are probably watching the wheat price with immense interest.
Certainly some of them are - Lebanon is probably the most klaxon alarm of all - but a lot of them are going to be bailed out by high oil prices.
Egypt is probably the big one to look at here, given its overall food needs.
Ironic - Egypt was once the breadbasket of ancient Rome...and wheat from Egypt helped feed Rome.Egypt had a far smaller population historical, when Napoleon invaded Egypt it had a smaller population than the Netherlands. If modern Egypt still had comparative population to Netherlands, it would still be a major food exporters.
