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World food prices jump in November – Report

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World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils.

The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 177.2 points over the month, up 2.7 percent from October and 9.5 percent from the same period a year earlier.

The FAO Vegetable Oil Price Index rose by 10.4 percent in November, as palm oil price quotations rose amid robust global import demand, increased use for the production of biodiesels and expectations of possible supply shortages next year. Rapeseed and soy oil values also rose.

The FAO Meat Price Index increased by 4.6 percent, its largest month-on-month increase in more than a decade. Price quotations for bovine and ovine meats rose the most, buoyed by strong import demand, especially from China ahead of year-end festivities. Pig and poultry meat prices also rose.

The FAO Sugar Price Index rose by 1.8 percent from October, buoyed by mounting indications that world sugar consumption in the coming year will surpass production – which is being hampered by less-than-ideal growing conditions in Thailand, India, France and the United States of America.

The FAO Cereal Price Index, by contrast, declined by 1.2 percent amid stiff competition among the world’s leading wheat exporters. Rice values also fell while U.S. maize export prices remained under downward pressure even as those for Argentina and Brazil were generally firmer.

The FAO Dairy Price Index rose marginally from October, nudged up as milk production in Europe entered its seasonal low and global demand remained strong.

Record cereal production expected for 2019

FAO also released a new worldwide cereal production forecast for 2019, anticipating an all-time high harvest of 2 714 million tonnes, which would be 2.1 percent higher than in 2018.

The latest upward revision, contained in the new Cereal Supply and Demand Brief also released today, reflects higher-than-previously predicted coarse grain yields in China, the Russian Federation and Ukraine.

World output of coarse grains including maize is now forecast at 1 433 million tonnes, marginally short of the record level registered in 2017. After an upward revision for the European Union, global wheat production in 2019 is now forecast to rise by 4.8 percent from 2018 to reach 766.4 million tonnes. World rice production is likely to reach 515 million tonnes, a mere 0.5 percent drop from the record set in 2018, with Egypt, Madagascar and Nigeria all poised to spearhead a rebound for African rice production this season.

FAO’s world cereal utilization forecast for 2019/20 stands at 2 709 million tonnes, up around 21 million tonnes from the previous season. World cereal stocks at the close of seasons in 2020 are now expected to reach 863 million tonnes. At this level, the global cereal stock-to-use ratio would approach a relatively high level of 31 percent, underscoring a comfortable global supply situation.

World trade in cereals in 2019/20 is forecast at 416 million tonnes, some 1.1 percent higher than in 2018/19.

Weather hits cereal harvests in East and Southern Africa

There are 42 countries today in need of external assistance for food, according to FAO’s quarterly Crop Prospects and Food Situation report, also released today.

Compared to the September issue of the same report, Zambia, affected by drought conditions and record-high staple food prices, has been added to the list, which includes Afghanistan, Bangladesh, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Congo, Democratic People’s Republic of Korea, Democratic Republic of Congo, Djibouti, Eritrea, Eswatini, Ethiopia, Guinea, Haiti, Iraq, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mozambique, Myanmar, Niger, Nigeria, Pakistan, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syrian Arab Republic, Uganda, Venezuela, Yemen, Zimbabwe.

The report also provides details on floods that followed earlier severe dryness, cutting harvest expectations in East Africa, and adverse weather conditions that caused a steep production decline in Southern Africa. Unfavorable harvests and significantly high staple food prices in Zimbabwe, set against an economy that has sharply deteriorated, will likely almost double the number of food-insecure people in the country during the first three months of 2020.

While the cereal output of Low-Income Food-Deficit Countries (LIFDCs) in Africa is expected to decline due to adverse weather that of LIFDCs in Asia is projected to increase, notably in Afghanistan and Syria.

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‎Oseni Hails Folarin’s Political Experience, Contributions at 63

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‎The All Progressives Congress (APC) senatorial candidate for Oyo South, Hon. Aderemi Oseni, has congratulated former Senate Leader, Senator Teslim Folarin, on his 63rd birthday, acknowledging his years of political experience and contributions to public service.

Oseni, who represents Ibarapa East/Ido Federal Constituency in the House of Representatives, conveyed his felicitations in a statement issued by his Media Aide, Idowu Ayodele, on Friday and made available to journalists in Ibadan, the Oyo State capital.

He described Folarin’s birthday as an occasion to reflect on a career marked by years of involvement in legislative affairs and the political development of Oyo State and Nigeria.

‎The federal lawmaker noted that Folarin had established himself as a prominent figure in the state’s political landscape, having served in different legislative and political capacities, particularly as Senate Leader.

He said the former Senate leader’s experience in the legislature had given him valuable insight into governance, public service and the responsibilities of political leadership.

The APC chieftain added that Oyo State needed the collective wisdom and contributions of its political leaders, irrespective of their political affiliations, to sustain peace, stability and development.

He said, “Senator Teslim Folarin is a man whose years in public service have given him considerable experience in the political and legislative affairs of our country. His contributions to Oyo State and his commitment to public life are worthy of acknowledgement.

“On this special occasion, I celebrate him and wish him many more years of good health, wisdom and fulfilment.”

Oseni further wished the former Senate Leader renewed strength and greater opportunities to contribute to the development of his community, Oyo State and the country.

‎He also prayed for God’s continued protection, sound health and guidance for Folarin, expressing hope that his new year would bring him peace, happiness and greater accomplishments.

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Oyo South: Oseni releases N110m for ICT, water, solar streetlights in Ibarapa East

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The Oyo South Senatorial candidate of the All Progressives Congress (APC), Hon. Aderemi Oseni, has released N110m for youth digital training, boreholes and solar-powered streetlights across the 10 wards of Ibarapa East Local Government Area of Oyo State.

According to a statement by the lawmaker’s media aide, Idowu Ayodele, made available to journalists in Ibadan on Thursday, the intervention comprises N10m for equipping the Eruwa Youth Movement (EYM) Secretariat’s Information and Communication Technology Centre (ICT) and N100m for the provision of boreholes and solar-powered streetlights in Eruwa, Lanlate and other communities across the local government.

Oseni, who chairs the House of Representatives Committee on the Federal Road Maintenance Agency (FERMA), said the ICT centre allocation was intended to provide modern equipment to strengthen digital training and equip young people with practical skills relevant to employment and entrepreneurship.

He said the investment was driven by the need to prepare young people for the demands of an increasingly technology-driven economy.

“Our young people have talents and ambitions, but they need access to the right tools and opportunities. Equipping the Eruwa Youth Movement (EYM) ICT Centre is a practical step towards helping them develop useful skills, become more self-reliant and compete for opportunities in the digital economy,” he was quoted as saying.

The lawmaker explained that the larger allocation of N100m would support the provision of boreholes and solar-powered streetlights across the 10 wards of Ibarapa East.

He said the boreholes would improve access to water for households, while the streetlights would enhance security, improve visibility and make community roads and public spaces safer after dark.

Idowu said the latest intervention was in addition to the lawmaker’s earlier constituency development efforts in Ido and Ibarapa East local government areas, particularly in basic infrastructure and youth development.

He added that distributing the projects across the 10 wards was aimed at ensuring that communities across the local government benefited from the intervention.

“Our responsibility is to support projects that respond to the real needs of our people. Access to water, safer public spaces and opportunities for our young people are important to the well-being of our communities,” Oseni was further quoted as saying.

The APC senatorial candidate reaffirmed his commitment to effective representation and sustained grassroots engagement, assuring residents that he would continue to support initiatives addressing the needs of communities across the district.

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Swegop to Politicians: Stop Mudslinging, Fix Roads

The South West Guild of Online Publishers (SWEGOP) has urged politicians to stop mudslinging and focus on issues affecting Nigerians, while calling on the Federal Government and state governments to declare a state of emergency on roads ravaged by rainfall.

The guild said political campaigns should be centred on policies, development plans and practical solutions to the people’s problems, rather than false information, unsubstantiated allegations and personal attacks.

The position was contained in a statement signed by the guild’s Acting Chairman, Chief Tunde Busari, and Publicity Secretary, Mr Remi Oladoye.

SWEGOP warned that spreading misinformation during political campaigns could erode public confidence in the democratic process, urging politicians to tell the electorate what they intend to do and how they plan to deliver on their promises.

It called on political actors to embrace responsible communication and constructive engagement, stressing that campaigns should provide voters with clear choices on policies and programmes capable of improving their lives.

In a related development, the guild called on the Federal Government and state governments to urgently address the worsening condition of roads following damage caused by rainfall in several areas.

It expressed concern that some roads had been washed away or rendered impassable, making movement difficult for motorists and other road users.

The guild urged the relevant authorities to prioritise the rehabilitation of damaged roads, improve drainage systems and implement lasting solutions to prevent recurring damage, particularly during the rainy season.

It warned that the deteriorating road network posed risks to road users and could disrupt the movement of people and goods, with consequences for commercial activities and the wider economy.

SWEGOP stressed that emergency repairs must be backed by proper drainage, effective maintenance and coordinated action by the different levels of government to prevent the problem from recurring.

The guild maintained that responsible political campaigns and urgent action on failing infrastructure were both necessary to address public concerns and improve the lives of Nigerians.

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