Report says that world food prices fall for sixth straight month
October 7, 2022, 2:11 pm

Report says that world food prices fall for sixth straight month

FAO said on Friday Oct 7: World food prices fall for sixth straight month - Photo. Pixabay

UN data showed Friday (Oct 7) that World food prices have fallen for a sixth month in a row in September. The prices continued to decline since a record reached following Russia's invasion of Ukraine.

The Food and Agriculture Organization said its price index, which tracks the monthly change in international prices of a basket of food commodities, averaged 136.3 points in September, a 1.1 percent drop from August, the AFP reported, the al-Arabiya said.

It said that the index, however, was 5.5 percent higher than in September 2021.

The United Nations agency said, the monthly decline was driven by a “sharp fall” in the prices of vegetable oils.

There were also moderate decreases in the prices of sugar, meat and dairy products.

The declines more than offset a rebound in cereal prices.

The FAO said wheat prices jumped due to “heightened uncertainty” about the continuation beyond November of a UN-brokered deal that has allowed Ukraine to ship its grains via the Black Sea.

UN data showed Friday (Oct 7) that World food prices have fallen for a sixth month in a row in September. The prices continued to decline since a record reached following Russia's invasion of Ukraine - Photo. Pixabay

The deal lifted a Russian blockade that has raised fears of triggering famine in nations reliant on grains from Ukraine, one of the world’s breadbaskets. Russia invaded Ukraine on February 24.

Dry conditions in Argentina and the United States have also contributed to the increase in global cereal prices.

Study finds EU wastes much more food than it imports

The FAO lowered its world cereal production forecast for this year again, with a decline of 1.7 percent expected.

The agency said 45 countries, including 33 in Africa, nine in Asia, two in Latin America and the Caribbean, and one in Europe “are in need of external assistance for food.”

The UN warned in September that more than one million people are at risk of famine and death without humanitarian aid.

Source: alarabiya

Ukraine calls on Russian soldiers to lay down weapons, promising them ‘safety’ Serbia to align visa policy with EU by end of 2022

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”