THE SMART NEWS SOURCE | Feb 10 2012 12:28 | LAST UPDATED Feb 10 2012 12:28 |
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Price researchers get cold shoulder from WooliesAn independent website that monitors prices in retail stores has been denied access to Woolworths, and two researchers were told to leave a shop. Food prices pummel the poorFood prices, which increased by just 1% last year, have increased by a whopping 10.6% so far this year. Act on food prices and hunger, economists tell G20G20 ministers meeting this week must take action to stop speculation on commodity markets that is fuelling food prices and hunger, say economists. Vietnam prices stable due to African rice demandVietnam has been contracted to sell around 100 000 tonnes of 25% broken rice to several African nations in June so far, helping to keep prices stable. Gordhan: SA's fortunate to have strong randFinance Minister Pravin Gordhan on Wednesday the strong rand currency was helping to cushion the impact of higher international oil and food prices. Reserve Bank worried about oil, food pricesThe South African Reserve Bank remains concerned about the effects of rising oil and food prices on the outlook for inflation, Gill Marcus says. UN: Food prices triggering global unrestUnited Nations food agencies on Friday warned that record high prices for basic commodities are helping generate unrest around the world. World food prices rise for seventh monthWorld food prices surged to an historic peak in January for the seventh consecutive month, according to the updated UN's food-price index. UN: World food prices hit new recordWorld food prices hit a new record high in January after rising for a seventh consecutive month, the UN Food and Agriculture Organisation says. Global food crisis forecast as prices reach record highsRising food prices could cause instability in many countries as the cost of staple foods and vegetables reached their highest levels in two years. |
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