Connect with us

News

World food prices jump in November – Report

Published

on

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.

Comments

News

Oriire Rescue: SWEGOP Seeks Stronger Security in Border Communities

Published

on

The South West Guild of Online Publishers has urged the Federal and Oyo State governments to strengthen security in border communities following the rescue of pupils and teachers abducted from Oriire Local Government Area of Oyo State.

The guild said the successful rescue of the victims, who regained their freedom on Friday after spending months in captivity, should mark a turning point in efforts to secure vulnerable communities and prevent similar attacks.

In a statement issued on Sunday and jointly signed by its Chairman, Bisi Oladele, and Public Relations Officer, Remi Oladoye, SWEGOP commended President Bola Tinubu, Oyo State Governor Seyi Makinde and the security agencies for what it described as their commitment and coordinated efforts that led to the victims’ rescue.

The guild described the operation as proof that strong political will, intelligence-driven operations and effective collaboration among security agencies can deliver positive results in the fight against insecurity.

It also praised the gallantry, resilience and professionalism of the military and other security personnel involved in the operation, noting that their sacrifices had restored hope to the rescued victims, their families and residents of Oyo State.

While celebrating the successful rescue, SWEGOP sympathised with the families of security personnel and civilians who lost their lives during the ordeal, praying for the peaceful repose of the deceased.

The publishers observed that recent abductions across parts of the country revealed a disturbing pattern of attacks on border communities, where inadequate security presence, poor road networks, weak telecommunications infrastructure and easy escape routes into neighbouring countries have continued to expose residents to criminal activities.

It, therefore, called on governments at all levels to sustain the level of cooperation demonstrated during the rescue operation by strengthening collaboration among security agencies, traditional rulers, community leaders and other critical stakeholders to improve the safety of residents.

The guild further urged both the Federal Government and the Oyo State Government to deepen investments in intelligence gathering, surveillance technology, rapid response mechanisms and community policing to guarantee the safety of schools and ensure that children can learn without fear.

SWEGOP reaffirmed its commitment to responsible journalism and pledged continued support for initiatives aimed at promoting peace, public safety and the protection of lives and property across the South-West and the country.

Continue Reading

News

Army reveals how month-long operation freed 44 abducted Oyo pupils, teachers

Published

on

The Nigerian Army on Friday revealed how a month-long intelligence-driven joint security operation led to the rescue of 44 pupils and teachers abducted by terrorists in Oriire Local Government Area of Oyo State.

The victims, who were kidnapped on May 15, 2026, regained their freedom on July 10 after spending 56 days in captivity.

The Acting Deputy Director, 2 Division Army Public Relations, Lt. Col. Danjuma Jonah, disclosed this in a statement, saying the operation was carefully planned and executed to ensure the victims were rescued unharmed without collateral damage.

According to him, the operation was coordinated by the General Officer Commanding, 2 Division, Maj. Gen. C.R. Nnebeife, in collaboration with the Office of the National Security Adviser through the National Counter Terrorism Centre, Defence Headquarters, the Nigerian Army Special Forces, the Nigerian Navy, the Nigerian Air Force, the Nigeria Police Force, the Department of State Services, the National Intelligence Agency, the Nigeria Security and Civil Defence Corps, the Amotekun Corps, as well as local vigilantes and hunters.

Jonah said intelligence gathered during the operation enabled security operatives to identify the terrorist kingpins responsible for the abduction, dismantle their criminal network, disrupt their logistics chain, expose informants and locate their hideouts in the Old Oyo National Park and adjoining forests.

He added that several suspects were arrested in Oyo State and other parts of the country, a development that significantly weakened the criminal syndicate and intensified pressure on the kidnappers.

According to the army spokesman, the sustained pressure eventually forced the terrorists to release the abducted pupils and teachers unconditionally.

“The arrests completely disorganised the group, exerted overwhelming pressure on them and ultimately led the terrorist group to unconditionally release the pupils and teachers,” the statement read.

The Army, however, disclosed that some security personnel lost their lives during the operation.

It added that the rescued pupils and teachers were receiving medical attention at an undisclosed hospital before being handed over to the Oyo State Government for reunification with their families.

Nnebeife, on behalf of the participating security agencies, commended President Bola Tinubu for providing strategic direction, resources and support that contributed to the successful operation.

He also appreciated Oyo State Governor, Seyi Makinde, and residents of the state for their cooperation throughout the rescue mission.

The GOC further acknowledged the support of the National Security Adviser, Mallam Nuhu Ribadu, the Minister of Defence, the Chief of Defence Staff, the Chief of Army Staff, other Service Chiefs, the Inspector-General of Police, the Directors-General of the DSS and the NIA, as well as heads of other security agencies for ensuring seamless coordination.

He equally thanked media organisations and Nigerians for their patience, understanding and confidence in the country’s security architecture.

Nnebeife urged members of the public to remain vigilant and continue providing credible and timely intelligence to security agencies to strengthen efforts at tackling kidnapping, terrorism and other violent crimes.

Continue Reading

News

Tinubu hails rescue of Oyo pupils, teachers after 56-day ordeal, eight kidnappers held

Published

on

President Bola Tinubu on Friday hailed the successful rescue of abducted pupils and teachers from Oriire community in Ogbomoso, Oyo State, after 56 days in captivity, commending the military, the Department of State Services and the Nigeria Police Force for the operation.

The President said eight suspected kidnappers were arrested during the rescue mission, while several others were neutralised, describing the operation as a major breakthrough in the fight against insecurity and a source of relief to the victims, their families and the country.

Tinubu’s commendation was contained in a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga.

He expressed sympathy for the pupils, teachers and their families over the trauma they endured during the nearly two-month ordeal, assuring them that his administration would ensure those responsible for the crime faced justice.

“I am profoundly happy that our security forces successfully rescued the abducted pupils and teachers from Oriire, Ogbomoso in Oyo State today after a military, police and intelligence-driven operation that neutralised some of the terrorists that perpetrated the evil act and the arrest of eight of them,” the President said.

He added, “This successful military operation has ended the siege and standoff of over 50 days and has brought relief to the entire nation and the affected families in particular. On behalf of the country, I express my gratitude to the officers and men of our armed forces, the intelligence agencies and the police for the safe rescue of the children and their teachers.”

Tinubu vowed that his administration would prosecute those behind the abduction, including those responsible for the killing of one of the teachers, Mr Oyedokun.

“My government will get justice for these children and their teachers and for the family of Mr Oyedokun, who the terrorists gruesomely murdered,” he said.

The President also commended the Oyo State Government for working closely with the Federal Government throughout the rescue operation.

“I must commend the Government of Oyo State for working cooperatively with us in bringing this unfortunate incident to a successful end,” he added.

Tinubu further directed relevant emergency response agencies to work with the Oyo State Government to provide the rescued pupils and teachers with immediate medical attention, psychosocial support and other relief assistance to aid their recovery.

He also urged the Oyo State Government to strengthen security around schools to forestall similar incidents in the future.

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending