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A service for food industry professionals · Friday, December 20, 2024 · 770,725,375 Articles · 3+ Million Readers
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Food Inflation News Monitoring

  • Published on Dec 16, 2024

    Abuja, 19 states face over 40% food inflation rate as Christmas nears 

    As Christmas approaches, food inflation in Nigeria continues to rise sharply, with the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS) showing that Abuja and 19 states recorded food inflation rates above 40% in …

    Source: Nairametrics - Neutral
  • Published on Dec 16, 2024

    Nigeria’s Food Inflation Highest In Sokoto State, Two Others In Last One Year Under Tinubu

      The National Bureau of Statistics (NBS) says Yobe, Kano and Kebbi states ranked highest on Food Inflation rate in Nigeria in November 2024.  The report stated that on a Month-on-Month basis, food inflation in November 2024 was highest in Yobe state with …

    Source: Sahara Reporters - Left-wing
  • Published on 04:57 GMT

    How inflation ‘stole’ Christmas

    Barely days to Christmas, the 2024 edition promises to be an unusual festival in many Nigerian homes. The present economic realities have subdued this season’s spirit’, with a cash crunch dotting the landscape. With the inflation rate rising to 34.6 per …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on Dec 16, 2024

    Arrival of kharif crops, robust outlook for rabi augur well for food inflation outlook

    New Delhi, Dec 16 (IANS): The arrival of kharif crops in the market and the robust outlook for the rabi crop amid healthy sowing trends and elevated reservoir levels augur well for the food inflation outlook, economists said on Monday, as the wholesale …

    Source: Daijiworld News - Neutral
  • Published on 04:37 GMT

    Tanimu Yakubu: How Tinubu Will Cut Inflation from over 34% to 15% in 2025

    •Says next year will be turning point for Nigeria’s economy  Emmanuel Addeh in Abuja The Director General of the Budget Office of the Federation, Tanimu Yakubu, yesterday assured that despite the skepticism trailing the feasibility of slashing the current …

    Source: This Day - Pro-Government
  • Published on 03:50 GMT

    Bharat Dal, coming soon to an online grocer near you

    New Delhi: Virtual shelves of online grocers such as Amazon, Flipkart and Swiggy may soon see the debut of an unlikely item: Subsidized dal from the Government of India. The ministry of consumer affairs is expected to mandate e-commerce companies to offer …

    Source: Mint - Neutral
  • Published on 03:17 GMT

    Russia’s food prices skyrocket amid runaway inflation

    19 December, 12:38 PM Russian food inflation out of control (Photo: ArturVerkhovetskiy/depositphotos) Despite efforts by the Russian Central Bank and the authorities to regulate prices, inflation in the country continues to accelerate, with food prices …

    Source: The New Voice of Ukraine - Neutral
  • Published on Dec 16, 2024

    Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

    Representational image of an aerial view of a footpath market in Bengaluru. Food price inflation decelerated to 8.9% in November 2024 from a 25-month high of 11.6% in October | Photo Credit: Sudharaka Jain India’s wholesale prices rose at a three-month low …

    Source: The Hindu - Center-left
  • Published on 01:57 GMT

    Atlantic Natural Foods Terminates Agreement with Above Foods

    Atlantic Natural Foods LLC, a shelf-stable manufacturer of Loma Linda, neat and Tuno brands, confirmed that it has withdrawn from a pending transaction with Above Foods. After a three-year journey toward entering a public environment in partnership with …

    Source: Food Manufacturing - Wisconsin - Label Pending
  • Published on 01:41 GMT

    Opposition tags Tinubu’s N47.9tn budget unrealistic

    The Coalition of United Political Parties, the Peoples Democratic Party, and the New Nigeria Peoples Party have criticised President Bola Tinubu’s proposed 2025 budget of  N47.9tn, expressing doubts about its feasibility and potential to address Nigeria’s …

    Source: Punch - Uncategorized
  • Published on 01:47 GMT

    Rice-driven food exports jump 20pc

    ISLAMABAD: Pakistan’s raw food exports increased by 19.58 per cent to $3.15 billion during July-November FY25 from $2.64bn mainly owing to increased rice exports. Raw food exports have risen for the past 16 consecutive months despite unprecedented food …

    Source: Dawn - Center-left
  • Published on 01:40 GMT

    USAID: U.S. Government Has Supported Over 5m Farmers Since 2019  

    Arthur Eriye The U.S. Embassy in Nigeria disclosed its government, through the U.S. Agency for International Development (USAID), has supported over 5 million Nigerian farmers since 2019. According to the statement, this assistance, is part of a …

    Source: This Day - Pro-Government
  • Published on 01:25 GMT

    Debt servicing, salaries take N24.8tn in 2025 budget

    The Federal Government plans to spend N8.52tn (inclusive of government enterprises) on personnel and pension costs for federal workers next year, an analysis of the 2025 Appropriation Bill has shown. This amount is an increase of N3.17tn or 59.16 per cent …

    Source: Punch - Uncategorized
  • Published on 00:47 GMT

    PERSPECTIVE: Behind The Numbers: Nigeria’s Budget And Its Human Cost

    By Abidemi Adebamiwa Economic planning in Nigeria has always been a tricky balancing act. Leaders come with big promises and bold plans, and President Tinubu’s 2025 budget proposal is no different. The plan focuses on increasing government revenue, …

    Source: News Investigators Nigeria - Uncategorized
  • Published on 05:01 GMT

    What is going to move the Indian market in 2025? Mayuresh Joshi explains

    Mayuresh Joshi, Head Equity, Marketsmith India, says in the Indian context, a large part of expectations or consensus of the market is there might be a token rate cut with the food inflation expected to head lower in the next couple of months and therefore …

    Source: The Economic Times - Center-right
  • Published on Dec 19, 2024

    Costco to ‘pull forward’ inventory buys amid tariff uncertainty

    Dive Brief: Costco Wholesale has a plan to deal with expected tariffs despite “a lot of uncertainty around the timing and scope of the changes” which make it difficult to predict the impact, CFO Gary Millerchip said on a fiscal Q1 earnings call. As part of …

    Source: Supply Chain Dive - Label Pending
  • Published on Dec 19, 2024

    Low growth, high inflation add to pressures on economy: Fund alerts

    High inflation hitting people's living remains a serious concern to the International Monetary Fund as the financier offers another loan tranche of $645 million to Bangladesh that is expected to be available in February. An IMF mission concludes that …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Dec 19, 2024

    Expert at Explained Live today to discuss state of Indian economy

    India’s real gross domestic product slowed sharply to near two-year low of 5.4 per cent in July-September quarter of the current fiscal. This slowdown was primarily due to weak manufacturing growth and muted investments, including government capital …

    Source: The Indian Express - Center-left
  • Published on Dec 19, 2024

    The end of low-cost Serbia and the inevitable innovation

    By Biagio Carrano Who would invest in a country where industrial electricity prices have risen by as much as 120% in the past five years, where real inflation on many essential goods has reached 100%, where the minimum wage has grown by 80%, and where the …

    Source: Serbian Monitor - Neutral

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