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Last updated on April 18, 2014 at 21:21 EDT

Latest Economy of Africa Stories

2008-07-21 03:00:32

By Cochran, Diane Dinner parties at Monita Nemitz's house are rare events these days, and it's not because she and her husband don't enjoy hosting. It's because they can't afford to cook for a group. "Now when we invite people over, it's a potluck" Nemitz said. "Everyone knows this situation is getting scary. ... Our friends and family talk about it all the time." With retail food prices expected to rise as much as 5 percent over last year, families and business owners have begun...

2008-07-20 21:00:21

By Matt Mckinney, Star Tribune, Minneapolis Jul. 20--This newspaper published its first issue in 1867, a year in which a potato bug ate its way across the state, decimating a staple food crop. Supplies dropped. Prices rose. A front-page story warned: "The all absorbing question will soon be, have we a potato among us?" Fears of a food shortage never have left us. It was front-page news then; it's front-page news now, with stories spilling out of some of the poorest corners of the world of...

2008-07-16 15:00:07

By Kevin G. DeMarrais, The Record, Hackensack, N.J. Jul. 16--Consumer prices rose by 1 percent in the North Jersey-New York metropolitan area in June, the Bureau of Labor Statistics reported this morning. It was the second consecutive 1 percent increase, lifting the regional Consumer Price Index for the past 12 months to 4.5 percent. Nationally, the increases were larger as consumer prices shot up by 1.1 percent in June and 5 percent over the past 12 months, worse than forecast....

2008-07-15 09:01:01

New Zealand food prices up 8.2 pct WELLINGTON, July 15 (Xinhua) -- Food prices in New Zealand were at their highest level in 18 years with the average cost of food rose by 8.2 percent over the last year, Statistics New Zealand said on Tuesday. The last time food prices rose as quickly in one year was 1990. The biggest jumps are at the supermarkets, with grocery foods up 12.1 percent - much of that linked to increases in the cost of butter, cheese and milk. Fruit and vegetables...

2008-07-12 12:00:23

By Marv Balousek, The Wisconsin State Journal Jul. 12--Corn oil and flour prices led the way to a 4.3 percent hike in retail food prices during the second quarter of 2008, according to the Wisconsin Farm Bureau Federation's Market Basket Survey. A 48-ounce bottle of corn oil was up 93 cents, or 31 percent, from the first-quarter price of $3 while a five-pound bag of Gold Medal flour was $2.43, up 23.4 percent from $1.97 in the first quarter. The Market Basket Survey tracks the retail...

2008-07-11 12:00:48

By Marv Balousek, The Wisconsin State Journal Jul. 11--Corn oil and flour prices led the way to a 4.3 percent hike in retail food prices during the second quarter of 2008, according to the Wisconsin Farm Bureau Federation's Market Basket Survey. A 48-ounce bottle of corn oil was up 93 cents, or 31 percent, from the first-quarter price of $3 while a five-pound bag of Gold Medal flour was $2.43, up 23.4 percent from $1.97 in the first quarter. The Market Basket Survey tracks the retail...

2008-07-11 09:00:45

Philippine intelligence agency deployed for fear of prices crisis MANILA, July 11 (Xinhua) -- Amid warnings of possible civil unrest over soaring food and fuel prices, the Philippine government has included a military intelligence service in a superbody that would implement preventive measures to address the crisis, reports said on Friday. The government has included the Intelligence Service of the Armed Forces of the Philippines in the newly created Energy Contingency Task Force, a...

2008-07-10 06:00:35

By Rosen, Fred Food is the first thing; morals follow on. -Bertolt Brecht AT THE BEGINNING OF THIS DECADE, WHEN hunger was less desperate than it is today, the United Nations' Food and Agriculture Organization (FAO) estimated that between 5 million and 6 million children died every year from malnutrition. In 2002, the group reported that of all the human beings on the planet, one in six suffered from chronic hunger. Since then, as subsistence fanning disappears and grain prices rise, things...

2008-07-10 03:00:23

ROME - Even with bigger crops, soaring food prices that have sparked unrest across the globe are likely to persist, threatening millions of people worldwide, a U.N. agency said Friday. Prices of bread, rice, milk, cooking oil and other basic foodstuffs have sharply increased in the past months in many developing countries, according to a report by the Rome-based Food and Agriculture Organization. Prices of wheat and rice have doubled compared to last year, while those of corn are more...

2008-07-09 00:00:22

STREET vendors selling fruit and vegetables should get priority over fast food stands for pitches in towns and cities to encourage people to eat their five-a-day portions, the Government says. Councils are being urged to give stalls selling healthy food first option on existing pitches and should consider setting up new sites to catch commuters to cut the 70,000 UK deaths blamed on poor diets each year. The idea is based on a New York scheme, where specially-branded "Green Carts" are...