The All Farmers Association of Nigeria (AFAN), has warned that a rise in food prices is imminent. The farmers told Nigerians to prepare for doubled food prices from August. The prices of staple menu like beans, rice and garri may jump by as high as 50 per cent from next month, they warned. According to Read More…
Tag: food prices
Analysis: Food price spikes see inflation rear its head in Nigeria and emerging markets
For Cleanne Brito Machado, like millions of people in developing countries around the world, shopping for staple foods such as rice, beans, oil or potatoes now means making hard choices. “The shopping cart is getting much smaller and we’re paying much more,” said the 41-year old, who works as a maid in Brazil’s capital Brasilia. Read More…
Lagos markets drop prices of perishable food items?
With barely one week to Christmas, prices of perishable food items were observed to be plummeting, the News Agency of Nigeria (NAN) reports. This was based on a survey conducted by NAN in four major markets including Mile 12, and Oyingbo, on Saturday in Lagos. According to the survey, a 40 kilogramme (kg) basket of Read More…