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Latest Economy of Africa Stories

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...

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2008-06-16 12:00:00

China's agricultural authority has expressed confidence in the summer harvest, as farmers around the country have put over half of the output into granary with the rest to be cropped before the end of the month. A Ministry of Agriculture official said that major grain production areas are poised to sustain a bumper summer crop for the fifth year in a row, maintaining the rising momentum in grain production. Summer crops, mainly cereals of rice and wheat, constitute 23 percent of the...

2008-06-16 09:00:48

By LARRY DERFNER In front of the cowshed at Kibbutz Mizra, just north of Afula, sits 3,000 tons of cattle feed. It's piled two meters high in a concrete reservoir the size of half a soccer field, and covered with a tarpaulin. This feed, a mixture of corn, grain and clover, represents about nine months worth of food for Mizra's 600 cows - 450 heifers and 250 calves - which produce 6.5 million liters of milk a year. Like nearly all the feed used by dairy and chicken farmers here, this...


Word of the Day
sough
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'
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