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Latest Economy of Africa Stories

2008-10-09 00:00:29

F armers across the country have faced their own crisis this year with the wettest harvest for more than 20 years. The optimism of the spring has been replaced by despair - and although we have experienced an Indian summer, it came along too late for many. The financial impact of the wet harvest is likely to be severe, with many businesses having lost tens of thousands of pounds. Yet as farmers begin to face the financial consequences, reports suggest that consumers should see food...

2008-10-06 03:00:18

By Anonymous Retail food prices in the third quarter rose by 4 percent from the second quarter and by 10.5 percent from the third quarter of 2007, the American Farm Bureau Federation reported. High energy prices boosted the cost of several staple foods as reflected in sustained high costs for processing, hauling and refrigerating foods, the Federation said in a release. The group's Marketbasket Survey tracks the cost of 16 basic grocery items. Potatoes, cheddar cheese and apples showed...

2008-09-23 18:00:00

By Steve Dube WEWERE always taught that the price of bread fuelled the French revolution - particularly when Queen Marie Antoinette, told that people could no longer afford it, replied: "Let them eat cake." Now we are told that the era of cheap food is over - and the era of cheap money for those who already have vast amounts of it also seems to be at an end. But we may be talking too soon. The money-go-round manipulators are not done yet. And it looks as though we are entering an age...

2008-09-23 09:00:46

By KYLE ARNOLD The price of a gallon of milk and a bucket of fertilizer may seem miles apart, but supermarket shoppers and farmers alike are finding little shelter from rising prices. The government's Consumer Price Index report released this week shows basic food staples such as milk, eggs, ground beef and bread continue to lead price increases. Dairy products, meats and other staples are almost without exception outpacing the overall food and beverage inflation rate of 5.9...

2008-09-15 06:00:28

By Lindsay McIntosh Farmers and consumers will be counting the cost of this summer's bad weather, writes Lindsay McIntosh THE overnight flood devastated the farm at Belford on Bowmont, churning up surrounding roads, ripping through fences and propelling terrified animals through mangled fields. In the sodden aftermath, farmer Richard Mather began to put back together the land and infrastructure which his father had built up in the Scottish Borders. In total, he estimated the damage to...

2008-09-14 06:00:14

Text of article in English by Muhsen Nazari entitled "Further food price hikes expected" published by independent Afghan newspaper Kabul Weekly on 10 September The cost of food and fuel in Afghanistan shot up this year with some items even doubling in price from last year. Now importers are warning the government of a further 30 per cent rise by the end of the year. Last December the government of Pakistan stopped the private sector from exporting wheat to Afghanistan after the increase...

2008-09-10 12:00:33

Text of report by economic desk entitled "Trade Minister's request to reporters: Do not provoke the market by speaking about high prices" published in Iranian newspaper Aftab-e Yazd on 8 September 2008 Instability in prices [of commodities] has upset the market even as some officials are vehemently denying rise in prices and attempts are made to downplay the harmful effects [of price rises] on people in real life. While the Central Bank has officially stated that the price of many goods...

2008-09-07 18:00:16

By LUCY WEST FOOD prices will remain high over the long-term in Britain and around the world, the Prime Minister's chief scientific adviser warned. Professor John Beddington said that, while there may be a slight reduction in prices over the next few years, he predicted it would not be enough to bring supermarket bills down to the levels of a few years ago. His warning comes as experts say the era of falling food prices is over and households will have to get used to spending more of...

2008-09-07 15:00:17

Text of report by Ghanaian privately-owned radio station Joy FM on 6 September [Unattributed report: "African Ministers and Donors Chart Way Forward on Soaring Food Prices"] At a landmark dialogue held in Accra yesterday, over 40 African Ministers met with heads of donor agencies to discuss the crises caused by soaring food and fuel prices, and urged the international donor community to "untie aid and remove restrictions on food aid so that the adverse impacts of the crisis on people and...

2008-09-06 21:00:10

A typical trolley of food has risen in price by 8.3 per cent since the beginning of the year, new figures show.The price of meat and fish was up 22.9 per cent since January, while the cost of fresh fruit and vegetables was up 14.7 per cent, a study for the BBC by retail analysts Verdict Research found.Seven individual items were up in price by more than 40 per cent. A pack of four croissants was up 47.4 per cent, bolognese pasta was up 46.2 per cent, 125g of ham was up 45.4 per cent, and...


Word of the Day
ramage
  • Boughs or branches.
  • Warbling of birds in trees.
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