Bloomberg News

Food Prices in Nigeria Will Continue to Decline, Fewsnet Says

November 01, 2011

Nov. 1 (Bloomberg) -- Food prices in Nigeria will continue to decline, with the price of 100 kilograms (220 pounds) of cereal reaching less than 5,000 naira ($31), according to Famine Early Warning Systems Network.

While civil unrest in the north and “commercial banditry” in the south of the country is on the increase, 80 percent of the West African’s population will have enough food after this season’s harvest, the Washington-based organization, known as Fewsnet, said in an e-mailed statement.

Cereal prices dropped about 9 percent in Damaturu market in Yobe State in northeastern Nigeria during October, Fewsnet said.

A cholera outbreak in 15 states in September that left 234 people dead and 2,135 hospitalized was “unusually high,” and incidences of the disease usually fall after the October rainy season, it said

--Editors: Hilton Shone, Ben Holland.

To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.


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