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Nigeria food banks cut back on handouts as prices soar

Lagos, Nigeria Reuters At a warehouse in Nigeria’s commercial capital Lagos, dozens of women patiently wait their turn to receive food handouts. Among them is 68-year-old widow Damilola Salami, who received an invitation to the facility just as she had almost run out of food. The Lagos Food Bank is a crucial lifeline to residents […]

Food prices soar after sanctions on coup-hit Niger

A general view shows traffic on streets of Niamey, Niger, on 2nd August, 2023.

Niamey, NigerReuters Shoppers in Niger’s coup-hit capital Niamey face soaring prices for basic foods since the military takeover triggered trade sanctions from West African neighbours.  At one rain-drenched market, customer Ibou Kane said a sack of rice had gone up by more than a third to around 15,000 CFA francs ($US25) since the coup prompted […]

Russia strikes Ukraine’s Danube port, driving up global grain prices

A view shows a marine station building destroyed during a Russian drone strike in Izmail, Odesa region, Ukraine, on 2nd August, 2023.

Kyiv, UkraineReuters Russia attacked Ukraine’s main inland port across the Danube River from Romania on Wednesday, sending global food prices higher as it ramped up its use of force to prevent Ukraine from exporting grain. The drone attacks destroyed buildings in the port of Izmail and halted ships as they prepared to arrive there to […]

Cuba says no quick fix as economic crisis drags on

People buy vegetables on the street in downtown Havana, Cuba, November 30, 2022.

Havana, CubaReuters There is no quick fix for Cuba’s sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation.  People buy vegetables on the street in downtown Havana, Cuba, on 30th November, 2022. […]

Argentina inflation tops 100 per cent for first time since 1991

A customer counts money before paying at a butcher shop, as inflation in Argentina hits its highest level in years, causing food prices to spiral, in Buenos Aires, Argentina September 13, 2022.

San Fernando, Argentina Reuters Argentina’s annual inflation rate tore past 100 per cent in February, the country’s statistics agency said on Tuesday, the first time it has hit triple figures since a period of hyperinflation in 1991, over three decades ago. Inflation over 12 months clocked in at 102.5 per cent in the second month […]

Venezuelans struggling to afford food – even if they have access to dollars

Teachers protest demanding better salaries in Caracas, Venezuela February 23, 2023.

Caracas, Venezuela Reuters Like many Venezuelans, Carmen Mendoza has learned to get by with a patchwork of different income streams in different currencies – her pension, renting out a property, and roughly $US150 per month her two daughters send from Spain. But it is no longer enough. Teachers protest demanding better salaries in Caracas, Venezuela, […]

World food prices hit record high in 2022

Russia Rostov harvesters

Paris, FranceReuters A surge in the cost of most food commodities last year, as the disruption caused by Russia’s invasion of Ukraine raised concerns of shortages, sent the UN food agency’s average price index to the highest level on record. The Food and Agriculture Organization’s food price index, which tracks international prices of the most […]