FEWS NET, the USA-funded food security monitoring organisation, has reported that coastal harvests have brought cereal prices in West Africa down from an abnormal spike in January. But prices – expected to remain stable through April – are still higher than the five-year average.
Despite bumper harvests in 2008 the higher cost of living and transport, producers’ growing profit margins and competition between traders and governments building up their cereal stocks have pushed up demand – and prices – before the lean season, according to FEWS NET (Famine Early Warning System Network).
While price hikes are good for producers and traders, they cut the buying power of poor urban households and pastoralists, wrote the food monitoring group in its alert.
pt/np
Despite bumper harvests in 2008 the higher cost of living and transport, producers’ growing profit margins and competition between traders and governments building up their cereal stocks have pushed up demand – and prices – before the lean season, according to FEWS NET (Famine Early Warning System Network).
While price hikes are good for producers and traders, they cut the buying power of poor urban households and pastoralists, wrote the food monitoring group in its alert.
pt/np
This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions
Share this article
