Washington, U.S. | Xinhua | The Russia-Ukraine war has pushed up food prices and hit the poorest the hardest, World Bank Group President David Malpass said Wednesday, warning that the food insecurity crisis will last for months and probably into next year. “Above all, the war and its consequences are putting …
Read More »Crisis in Ukraine could slash global trade growth by half in 2022: WTO
The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine Geneva, Switzerland | Xinhua | The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing forecasted global trade growth for 2022 from the 4.7 …
Read More »World food prices rise for 2nd consecutive month: FAO
Rome, Italy | XINHUA | World food prices edged higher in July, the second consecutive month of increases on the heels of lower prices for the first five months of the year, the United Nations Food and Agriculture Organization (FAO) reported Thursday. FAO said rising prices for vegetable oils, dairy products, …
Read More »Food prices drop in Nakapiripirit district
Kampala, Uganda | THE INDEPENDENT | Prices of staples foods have dropped by half in Nakapiripirit district following a bumper harvest for the first planting season. The price of beans has reduced from 3000 to 1400 Shillings a kilogram. A heap of cassava that cost 2, 000 Shillings is now …
Read More »Food prices escalate in Moroto district
Moroto, Uganda | THE INDEPENDENT | Food prices have soured in Moroto town in the recent days, distressing the population that is already struggling to earn a living due to the lockdown that has largely affected normal life and business. There has been an increase in the cost of Rice, beans, …
Read More »Gov’t will cancel licenses of traders who hike food prices- Museveni
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has warned traders taking advantage of the coronavirus situation to sell foodstuffs at exorbitant prices that their licenses will be cancelled. Museveni, who addressed the nation on Tuesday afternoon, described the traders taking advantage of the situation as “crooks”, noting that …
Read More »Uganda’s inflation drops to 5.1 percent yr/yr in April
Uganda’s inflation rate has dropped from 6.2 percent in March to 5.1 percent in April. Uganda Bureau of Statistics (UBOS) revealed that slowing price rises of food and energy have played a key role in the positive change in the headline inflation rates. (SEE FULL REPORT AT BOTTOM) Decreased fuel …
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