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Latest Economy of Africa Stories

2008-06-24 02:30:19

China expects a bumper summer grain harvest of 120 million tons, the fifth consecutive year of such record output, despite major natural disasters. The output will be 2.5 million tons more than last year, Chinese Agriculture Minister Sun Zhengcai said, Xinhua reported. Summer crops usually account for about 23 percent of the nation's annual grain output. The minister said this the first time China has achieved five years of consecutive bounty harvest since the Communist party took over...

2008-06-24 02:30:01

Dispatches: The Truth About Food Prices C4, 8pm THE price of basic foodstuffs is increasing dramatically and the surging costs are being felt by consumers who are seeing their highest food bills for years. Only last week Ginger Nuts broke the pound a packet mark. Trouble is the cost of wheat has doubled in less than a year, while other key ingredients such as rice, corn, maize and soya are trading at well above their 1990s' averages. The answer is clear - get an allotment. Not to grow...

2008-06-24 02:29:30

By Jim Carroll, Erie Times-News, Pa. Jun. 22--If John Weber watches meat prices more closely than the average shopper, it's because he might order as much as 8,000 pounds of beef and 6,000 pounds of pork a day. And he expects to see the price of the meat he buys increase -- pushed higher by floodwaters that ravaged Midwest corn and soybean crops last week. "That impacts us directly," said Weber, vice president of Smith Provision Co. of Erie, the company known for its hot dogs, hams...

2008-06-23 03:00:19

By Lovell, Angela The world now eats more food than it produces. Which means there are some new realities that Manitoba farmers, as participants in a global marketplace, must face. Wheat is still by far the staple crop of the prairies. More than three million acres were grown in 2006, accounting for just over a quarter of the cropland in production. And for the first time in years, wheat prices are looking attractive. Wheat prices are at an all time high, rising 70 per cent in 2007,...

2008-06-22 03:00:17

INES INDART, Argentina _ For farmers such as Boris Pisacco in Argentina's vast, fertile plains, the past five years have been boom times as prices for soybeans, wheat and other grains have skyrocketed. Global food shortages and the resulting climb in prices have opened a window of opportunity for Pisacco and farmers all over South America, and they've made the most of it by producing more soybeans and other grains than ever. "There's a lot of capacity in Argentina, including a lot of...

2008-06-20 15:00:23

By MJ ANDERSEN MY NEIGHBOR called to say that she was through with tomatoes. Had I seen the paper? The city was raising water rates. She had hoped to grow tomatoes and zucchini in her backyard plot this year, but who could afford the watering? What sense would it make? I pretended I knew all about the rate hike, which I did, in a vague, headline way. But the details, I found out later, were surprisingly grim: Water was going up 12 percent, sewer rates 19 percent. I thought of what my mom...

2008-06-20 12:00:30

By Michael E. Kanell, The Atlanta Journal-Constitution Jun. 19--In Alpharetta, fish come off the truck at the Whole Foods distribution center and the company's regional seafood buyer, John Bowler, worries that he won't be able to charge shoppers enough to make a profit. Up near Gainesville, Robert Howard tracks his 150 trucks as they carry and deliver food around the country and he worries whether he can boost his own prices enough to pay for diesel. Down in Panama City, Greg...

2008-06-20 06:00:27

By Lindsay McIntosh; Brian Ferguson GLOBAL food prices will continue to soar for the next two years, producers and analysts warned yesterday, as the Scottish Government launched an inquiry into improving affordability. The nation's farmers and manufacturers, in Edinburgh for the Royal Highland Show, told The Scotsman they could see no chance of "agflation" easing in the near future. They spoke as Richard Lochhead, the environment secretary, unveiled plans for a major investigation...

2008-06-20 06:00:27

Text of report by respected Mexican business newspaper El Financiero website on 19 June [Report by Eduardo Ortega: Prices of Over 20 Products Frozen] With the aim of alleviating the effects of the world food crisis, the members of the Confederation of Industrial Associations (Concamin) reached an agreement with President Felipe Calderon to freeze the prices of over 20 products (in 150 presentations of 34 brand names). These products include fruit drinks, sweets, coffee, sardines, canned...

2008-06-16 12:00:50

Philippines offers power subsidy to poor people MANILA, June 14 (Xinhua) -- The Philippine government has given 40 million pesos (900,000 U.S. dollars) in cash over the past week to thousands of poor people in Metro Manila to help them pay power bills, said a senior official here on Saturday. At least 85,000 people have already availed of the one-time 500 peso (11 U.S. dollars) power subsidy cash from the state-run Land Bank of the Philippines, said Secretary of the Department of Social...


Word of the Day
tessitura
  • The prevailing range of a vocal or instrumental part, within which most of the tones lie.
This word is Italian in origin and comes from the Latin 'textura,' web, structure.