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Latest Economy of Africa Stories

2008-08-13 15:00:41

Text of report by Caribbean Media Corporation news agency website on 12 August Washington: The Inter-American Development Bank (IDB) Tuesday called on Latin America and Caribbean countries to strengthen social programmes to alleviate the impact of higher food prices on their populations. The IDB said that to support such initiatives it will provide a US500m dollars credit line for countries to improve agricultural productivity and expand cash transfer programmes. The Bank said it was...

2008-08-11 03:00:32

By Anonymous The Garden State sows the seeds of a movement back to the land AGRICULTURE TRENTON - Even as ever-more farmland gives way to development, the appeal of farming appears to be growing in the Garden State. Charles Kuperus, who heads the state Department of Agriculture, says an increasing number of youngsters and career-changers are going back to the land. Kuperus, whom colleagues call a "true farmer," says interest in winemaking and growing organic vegetables is particularly...

2008-08-09 12:00:44

By Scott Kilman The Wall Street Journal Companies throughout the food chain are changing the way they do business in response to soaring grain costs, and consumers are likely to bear the brunt in the form of rising food prices. Farmers are making the broadest cuts to their livestock herds in decades, meaning meat at the supermarket will likely cost more in coming years. Middlemen are trying to shorten the duration of supply contracts to 90 days from one year so they can pass on higher...

2008-08-08 09:01:13

The following is Sergey Arbenin's article "Threat of food crisis has no boundaries", published by the Russian news agency website Fergana.ru on 6 July: subheadings as published: Crop rotation is a period in the agricultural practice during which cultivation and evaporation affect each field in sequence. [Passage omitted: food crisis in the world] A growth in prices for foodstuffs, above all, for bread in Kazakhstan in September-October last year came as a real shock not just for...

2008-08-06 00:00:27

By Ramit Plushnick-Masti The Associated Press PITTSBURGH - Small business is risky business these days.Costs are rising, profits are shrinking and the ability of the big guys to keep prices relatively lower is drawing away customers.Things are so bad that many small enterprises, which account for about 99 percent of the country's businesses, say they are hanging by a thread that might soon snap."We are basically losing money every month, about $1,000 a month. It's been about two, three...

2008-08-05 09:00:58

Robin Schmahl The cost of feeding cows continues to escalate with grain prices not showing any indication of changing this trend. In fact, recently the news of a hot, dry period for July caused more buying in grains. Previously, many in the Midwest wanted a hotter, dryer period to straighten things out and improve crop conditions. As one commentator put it last week - 'a rain event or a hot, dry period would both be detrimental to the crop.' This does not leave much that...

2008-08-05 03:00:16

By Martin Crutsinger The Associated Press WASHINGTON - Rising prices, falling home values, stagnant wages and tight credit - it's a potent combination that has struck the American consumer hard. In June, the second biggest rise in prices in nearly three decades muted the impact of billions of dollars in government stimulus payments, government figures showed Monday. Incomes barely budged in June and consumer spending retreated after taking into account the higher prices for food,...

2008-08-04 18:00:41

By ELISHA SAUERS Staff Writer The grocery ads printed on the yellowing pages of a July 1968 edition of The Capital hark back to an age when the price of food was, for many Annapolitans, just an afterthought: Corn was 8 cents per ear, chicken went on sale for 39 cents per pound and a whole watermelon would set a shopper back just 89 cents. A trip earlier this week to a local grocery store revealed prices that are providing today's consumer a little food for thought. An ear of corn:...

2008-08-01 09:00:46

ST. LOUIS (AP) -- Rising costs for fuel, feed and fertilizer propelled grain prices to all-time highs in June, raising the overall price of crops and livestock by 16 percent this year compared to last year. Corn and soybeans hit record prices. Wheat slipped from historic highs in March but is still up steeply from last year, according to a U.S. Department of Agriculture report released Thursday. Grain prices gained 42 percent for the year overall. Prices for farm products rose 1.9 percent...

2008-07-31 15:00:46

By Amanda A. Stevens Journal Staff Writer The food supply is getting thin. Storehouse West is holding a food drive this week through Saturday at all three Albertsons stores in Rio Rancho. "The food drives in the schools and for the holidays are not going to start until October or November, and we're going to be out of a lot of different nonperishable items before that," said Storehouse executive director Carol Nesbitt. "This is needed just to obtain items that we are low on that I know we...