Sep 06

Supermarket food prices are soaring, with the price of key items rising at several times the rate of inflation, figures show.

The rising cost of the shopping basket

The price of fresh food has risen by 12 per cent since the start of the year, while meat and fish now costs 23 per cent more on average. Meanwhile chicken and ham have risen by 42 and 45 per cent since January, placing the former staples out of many consumers’ price range.

The rises in the price of both basic pasta and basmati rice have also smashed through the 40 per cent barrier.

Even so-called slump proof tinned foods have registered a price rise of 15 per cent – more than three times the Government’s official inflation rate of 4.4 per cent.

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Jun 30

Related article (Typhoon Fengshen):
Fishing industry suffers after ferry tragedy:

“The government suspended all diving operations to recover bodies inside the vessel and banned fishing around the island on Friday after it was revealed the ferry was carrying a highly toxic pesticide.”

“Should the chemicals leak into its pristine waters the impact on local marine life would be devastating, according to marine biologists.”

ILOILO CITY, Philippines – A “food shortage” looms in the next one to two months after massive floods due to typhoon “Frank” (international codename: Fengshen) devastated farm lands and livestock in the Western Visayas, President Gloria Macapagal-Arroyo’s adviser for the region said Sunday.

“We may face a food shortage, that is the extent of the damage from the typhoon,” Presidential Adviser on the Western Visayas Raul Bañas told reporters here after he received a delivery of relief supplies from Armed Forces Chief of Staff General Alexander Yano.

“In our aerial sorties, we saw firsthand how grave the damage is to crops. I think that’s one of the major problems we are facing,” he said.

Bañas said one of the affected provinces, Iloilo, is one of the top three rice-producing provinces in the country.

He said the floods destroyed 22 hectares or rice lands, equivalent to 66,000 metric tons of rice, and “almost wiped out” livestock and fisheries in the region.

In Cadiz town in Negros Occidental, Bañas said the storm destroyed half a billion pesos worth of fishing boats.

Bañas appealed for donations of potable water, saying the water systems destroyed by the storm have not been repaired.

By Joel Guinto


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Jun 01

Supermarket chains have begun rationing rice as the effects of rising prices and disruptions to supply spill over from specialist grocers and suppliers to larger stores.

Netto, the Danish-owned discount store, has been restricting sales of larger bags of rice to one per person in all stores in recent weeks across the UK.

Mike Hinchcliffe, marketing manager for Netto UK, said: “We’re temporarily limiting our larger 10 kg bags of rice to one per customer because, like most other UK supermarkets, we are having to manage and minimise the impact the global rice shortage is having on our suppliers.

“We are experiencing a high demand for rice and have introduced this measure across our 184 UK stores to ensure that all of our customers have a fair opportunity to make their regular rice purchases. Our smaller 1kg packs remain on free sale with no restrictions planned at this time.” It expects the restriction to continue “indefinitely”.

By Lucy Killgren
Published: May 30 2008 23:45 | Last updated: May 30 2008 23:45

Source: Financial Times

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Apr 09

Shortages of the staple crop of half the world’s people could bring unrest across Asia and Africa, reports foreign affairs editor Peter Beaumont

A global rice shortage that has seen prices of one of the world’s most important staple foods increase by 50 per cent in the past two weeks alone is triggering an international crisis, with countries banning export and threatening serious punishment for hoarders.

With rice stocks at their lowest for 30 years, prices of the grain rose more than 10 per cent on Friday to record highs and are expected to soar further in the coming months. Already China, India, Egypt, Vietnam and Cambodia have imposed tariffs or export bans, as it has become clear that world production of rice this year will decline in real terms by 3.5 per cent. The impact will be felt most keenly by the world’s poorest populations, who have become increasingly dependent on the crop as the prices of other grains have become too costly.

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