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Food Inflation 'Catalyst' to Mid East Protests

Monday, 21 Feb 2011 | 2:00 AM ET

"The catalyst has clearly been food prices rising, food inflation," Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets, told CNBC on the geopolitical events taking place in North Africa and the Middle East. Gijsels added that â??At this point the oil prices are not responding too much, but it has the potential to be very big.â?