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Latest Economy of Africa Stories

2008-08-22 03:00:31

NEW YORK - As prices for crude oil and other commodities ease, consumers have gotten a small dose of relief at the gas pump. But don't expect less pain at the grocery counter. Food inflation is here to stay - and will probably get worse for some things. That's because retail prices for cereal, eggs, cheese and meat generally lag by several months or longer behind world prices for wheat, corn and soybeans - the raw ingredients of so much of our food. Some food items might come down...

2008-08-22 00:00:26

By The Associated Press NEW YORK (AP) - As prices for crude oil and other commodities ease, Americans have gotten a small dose of relief at the gas pump. But don't expect less pain at the grocery counter. Food inflation is to stay - and will probably get worse for some things. That's because retail prices for cereal, eggs, cheese and meat generally lag by several months or longer world prices for wheat, corn and soybeans - the raw ingredients of so much of our food. Some food items...

2008-08-15 09:00:47

By Jennifer Toomer-Cook Deseret News Wasatch Front grocery prices and the overall cost of living are up again -- this time twice as high as the national increase, which was the second-highest monthly increase in 26 years, according to the Wells Fargo Consumer Price Index issued Thursday in Salt Lake City. Local grocery prices rose 2.3 percent last month, compared with a 1.2 percent national increase, based on nonseasonally adjusted numbers from the U.S. Bureau of Labor Statistics. In the...

2008-08-15 03:00:24

By Blas, Javier FOOD. MAN'S most-essential resource. And now a cause of war? For years, strategists, policy makers and the rest of the foreign- policy cadre worried the world's vanishing resources would be the cause of conflict. But of course, with energy assets concentrated in the Middle East and crude-oil prices rising from a historical average of $18 a barrel to more than $100 a barrel today, most scenarios centered on a war over oil. At their most imaginative, people have planned for...

2008-08-15 03:00:24

WASHINGTON - After months of rising food prices, there might be some relief coming, with farmers on track to produce the second- largest corn crop and fourth-largest soybean crop in history. In its first estimates this year based on field visits and farmer surveys, the U.S. Department of Agriculture sharply raised its estimate Tuesday of corn production and said "nearly ideal" weather has helped Midwestern farmers recover from June's devastating floods. That recovery might eventually...

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...


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'