Food Prices
latest news & developments
Rising oil prices threaten African economies, new analysis warns
Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict. Rising crude and LNG prices threaten import…
G20 presidency handover to the US set for Tuesday, Dirco director general Zane Dangor says
Dangor said the US argument that if one G20 member was absent from the leaders summit, then there could be no consensus, had been voted down
‘World not doing tit for tat with US,’ WTO head says at G20 summit
Director general Ngozi Okonjo-Iweala said South Africa’s G20 presidency highlighted the importance of trade within WTO rules and reforming the system through local mineral…
‘G20 declaration future-proofed, despite US non-participation’, says South Africa’s presidency
Presidency spokesperson Vincent Magwenya said countries understood ‘that there’s a bilateral issue between South Africa and the US, but that must not, in any shape or form,…
Ramaphosa: G20 leaders summit reaches consensus on adopting a declaration
In an apparent reference to US President Donald Trump’s absence, Ramaphosa warned against allowing ‘anything to diminish the value, the stature or the impact of the first African…
Ramaphosa launches G20 panel to address extreme global inequality
The panel, chaired by Nobel prize-winner economist Joseph Stiglitz, will produce recommendations to help bridge the rich-poor divide
Inflation cools to 3.8% in September
This is the lowest reading for inflation in South Africa since April 2021
Call for reform and pricing transparency in South Africa’s fresh produce markets
The Competition Commission has said that practises by fertiliser, agrochemical and seed companies may also distort competition
Consumer inflation eases in April, but interest rate cut still unlikely this month
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023 This content is restricted to registered users and subscribers. Get Your…
Food prices top minimum wage growth
A Centre for Risk Analysis index measuring the ingredients used in making porridge shows that wages are not keeping pace with prices
SA food prices likely to moderate in 2024
The favourable rainfall and an expected increase in the planting area bodes well for agriculture
Vegetable and other food prices remain high
The M&G’s basic food basket survey shows that supermarket prices don’t always drop when those at fresh produce markets do
SA consumers struggle as food prices soar
World food and fuel costs have dropped but grocery prices at local supermarkets remain unaffordably high
Global food prices roughly unchanged
The knock-on projection for local food prices is positive
Don’t hike VAT, food price monitor warns government
The Pietermaritzburg Economic Justice and Dignity Group has said the cost of nutritious food is already unaffordable for poor households