The rise in oil and food prices owing to Russia’s invasion of Ukraine is hitting poorer countries the hardest
Farmers face higher input costs such as hikes in fertilisers and fuel prices as well as the expected 20.5% electricity hike requested by Eskom, says AgriSA
Analysts say the Reserve Bank could start tightening monetary policy as early as next month
Food inflation was unchanged at 6.7% in July, but remained elevated on continued upward pressure from prices for meat and the oils and fats category.
Steep fuel price hikes are the result of higher levies, which came into effect this week, as well as a turbulent international oil market
The pandemic could mean collective re-evaluation of healthy and cost-effective eating and also highlights how companies need to be even more connected to the consumer
Sit up, take notice and get angry that a third of South African households have R120 or less a person a week for food, let alone nutritious food
With South Africa under lockdown, many South Africans are hungry — and very soon persistent hunger will dramatically increase malnutrition
Cost pressures, stagnant wages and a bleeding economy are pushing many people into poverty
The two cities are included in the top 10 list of cities where the cost of living had increased the most over the past year.
Protests broke out in areas of war-torn Darfur, Blue Nile states and the capital Khartoum with demonstrators burning tyres and blocking roads
The rand has strengthened 15% against the dollar this year after losing over 25% of its value in 2015.
Rapid food price increases, drought and rand depreciation is going to force retailers to pass on more inflation to customers than in recent years.
The weak rand and water shortages, along with costly imports, have been pushing up the wheat bill and with it the price of a staple loaf of bread.
South Africa’s children are bearing the brunt of increasing food prices – and the effects may be permanent.
The weak rand and lack of rain are increasing farmers’ input costs, which will largely be passed on in the form of an increase in food prices.
The low oil price has eased headline inflation, but analysts warn that pressure remains and food prices are likely to keep rising this year.
The petrol price has already dropped and, with a little time, the cost of food will be lower. But the oil price is likely to rise again, experts warn.
A new biofuels plant near Hull will be the United Kingdom’s biggest buyer of wheat, and the biggest supplier of animal feed.
The past decade has seen the end of cheap oil, the magic growth ingredient for the global economy since World War II.
With food prices already soaring around the world, the future looks bleak for SA, too, as the price of staple foods could more than double by 2030.
Investor fears over rising food and fuel prices will set the tone for economic data releases from the US, Europe, India and South Africa this week.
Finance institutions and aid groups have begun changing their focus in Africa to smaller-scale systems that help to make farmers more independent.
Although food prices have continued to rise, riots because of this fact have been almost non-existent as people have generally suffered in silence.
Survey by Save the Children highlights the devastating effects of malnutrition and predicts a disaster if the situation isn’t remedied.
No image available
/ 23 January 2012
An 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, which increased by just 1% last year, have increased by a whopping 10.6% so far this year.
No image available
/ 11 October 2011
G20 ministers meeting this week must take action to stop speculation on commodity markets that is fuelling food prices and hunger, say economists.
Vietnam 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.
Finance Minister Pravin Gordhan on Wednesday the strong rand currency was helping to cushion the impact of higher international oil and food prices.
The South African Reserve Bank remains concerned about the effects of rising oil and food prices on the outlook for inflation, Gill Marcus says.
No image available
/ 4 February 2011
United Nations food agencies on Friday warned that record high prices for basic commodities are helping generate unrest around the world.