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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.

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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.

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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.

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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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Ex-Oyo ALGON boss rejoices with Ibarapa-born billionaire Ayandele at 60

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Former  Chairman, Association of Local Governments of Nigeria )ALGON) in Oyo State, Chief Ademola Ojo  has felicitated with All Progressives Congress (APC) Chieftain, Dr Olusola Ayandele as he clocked 60.

Ojo, described the Ibarapa-born billionaire  as a patriot, politician and leader who have contributed to the advancement of the nation’s democracy as well as nurtured many individuals to greatness.

The ex-council gaffer states this  in a statement he personally signed and made available to newsmen on Saturday in Ibadan  the state capital.

Ayandele was an APC governorship aspirant in the 2019 general election and presently a senatorial hopeful.

According to the ex-ALGON Chief, the renowned businessman and philanthropist had brought great political, economic as well as social success to the state and Nigeria.

“I feel inspired and motivated most times by your doggedness, forthrightness and knack for truth at all times. You are leader worthy of emulation.

“I celebrate you my dear brother and leader. Your courage, character, wisdom, strength and simplicity stands you out always. May the Almighty fill your future with blessings, ” he said.

Also, Mr Olusola Adeleke, a Personal Assistant to Ayandele, joined to felicitate his boss whom he described as reliable, dependable and visionary boss.

He   described Ayandele as a renowned businessman, philanthropist, leader and political gargantuan with uncommon sagacity.

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“Your commitment and selfless service to humanity has brought tremendous development to Ibarapaland, Oyo State as well as Nigeria. You are a rare gem boss and you will forever be appreciated.

“I wish you more years of sound health, peace and glory as you celebrate. Happy birthday to my dear boss,” he submitted.

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Oyo APC scribe celebrates Ayandele at 60

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Caretaker Secretary of the All Progressives Congress in Oyo state, Hon.  Mojeed Olaoya, has described the former gubernatorial aspirant of the party in the state, Dr. Olusola Ayandele, as a pride to Nigeria and humanity as a whole.

Olaoya remarked while celebrating the  60th birthday of the Ibarapa-born Ayandele who is a staunch player in the business and political space of the country.

In a statement issued in Ibadan on Friday and which he personally signed, Olaoya expressed his delight about Ayandele being always available to help the cause of the poor and less-privileged in the society.

“For the good people of Ibarapaland, Oyo state and Nigeria in general, the man (Olusola Ayandele) is a rare blessing and he deserves to be celebrated everyday having made a lot of difference as a businessman, politician and philanthropist for a very long time.

“As an academic and scholar, Ayandele made his indelible mark by imparting knowledge on a great population of young people. And more importantly, his positive contribution to the economy of Nigeria cannot be underestimated as he is leading investor and creator of employment opportunities of all time. To crown it all, Dr. Ayandele decided to dabble into partisan politics to enable him do more for the society and he has not disappointed his people.

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“To this end, it is worthwhile to join several thousands of people globally to celebrate the enigma known as Eruobodo on this auspicious occasion of his 60th birthday anniversary as we pray God to grant him the opportunity of long life, sound health and prosperity”, the statement  added.

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Oyo commissioner, Olatunbosun urges citizens to disregard panic messages over ultimatum to herdsmen

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Oyo State Commissioner for Information, Culture and Tourism, Dr. Wasiu Olatubosun has disclosed that citizens of the State should disregard a voice note message urging people in Ibadan to stay indoors on Friday 22nd of January due to a purported ultimatum issued by some individuals to a Fulani Community in Igangan, Ibarapa area of Oyo State.

Recall that the State governor, Engr. Seyi Makinde has warned individuals to respect the constitutional rights of any Nigerian to live anywhere in the country in a peaceful manner and condemned the said ultimatum in a state broadcast to the people of the state

A voice note, being circulated on Wednesday by one woman from London simply known as ‘Remi’ has urged residents of Ibadan to stay indoors on Friday so as to avoid any crisis that might arise from the outcome of the ultimatum issued to the Fulani Herdsmen Community in Igangan.

Olatubosun said the message was targeted at causing panic among the people and to tarnish the efforts of the present administration in tackling insecurity in the State.

He said Oyo State indigenes at home and in the diaspora ought to give support to the government and not to cause disaffection and unnecessary panic over an issue that has been adequately addressed by the government and concerned security agencies.

He added that the people of the State, especially in Ibadan should go about their businesses without fear of molestation or attack from any quarter.

“It is funny to hear that somebody was sending voice note from London, warning Ibadan people not to venture out on Friday because of an ultimatum issued to a Fulani Herdsmen Community in Igangan, in Ibarapa area.

“This is an issue that has been addressed by the government that nobody has the power to give such ultimatum, the constitution of Nigeria does not allow for it, especially when the said Community is not constituting security threat to lives and properties of the people.

“The government of Oyo State and security apparatus are working around the clock to give the people of the State the required peaceful atmosphere that will engender economic growth, we therefore urge our people, especially in Ibadan to ignore the voice note message and go about their normal businesses without fear of molestation or attack from any quarter.”

The commissioner called on the residents of the State to be wary of scaremongers who he said could create psychological crisis where such was not in existence.

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