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Forecast: If China Blockaded Taiwan, What Would Food Cost?

Forecast: If China Blockaded Taiwan, What Would Food Cost?

This has not happened. It is a scenario, and the numbers in it are assumptions we state openly rather than forecasts. But the chain from …

1mo ago · Micheal Omojola
Research: One Country Holds Half the World's Grain Reserves

Research: One Country Holds Half the World's Grain Reserves

China holds 53% of the world's wheat, rice and maize reserves with 17% of its people. Meanwhile a Yemeni family pays $10.62 for a kilogramme …

1mo ago · Micheal Omojola
Research: The Poorest People Pay the Most for Food. Here Is the Proof

Research: The Poorest People Pay the Most for Food. Here Is the Proof

A kilogramme of rice costs $0.74 in Colombia and $0.46 in Burundi. The Burundian pays less. But that kilogramme takes 88% of a day's average …

1mo ago · Micheal Omojola
Research: Where War Doubles the Price of Food, and Where It Does Not

Research: Where War Doubles the Price of Food, and Where It Does Not

Sudan pays 5.5 times what its neighbours pay for the same staples. Yemen pays 4.9 times. But six other conflict countries in the same data …

1mo ago · Micheal Omojola
What ₦10,000 of Food Bought in 2020, and What It Buys Today

What ₦10,000 of Food Bought in 2020, and What It Buys Today

In 2020 a basket of rice, beans, garri and oil cost ₦5,111 in Lagos, so ₦10,000 bought nearly two of them. That same basket now …

1mo ago · Micheal Omojola
The Ukraine War Reached Your Kitchen. It Did Not Get There Alone.

The Ukraine War Reached Your Kitchen. It Did Not Get There Alone.

Retail wheat flour jumped 17.7 index points the month Russia invaded, and the median country paid 26% more by its 2022 peak. But cassava, a …

1mo ago · Micheal Omojola
Did Nigeria's Local Rice Policy Work?

Did Nigeria's Local Rice Policy Work?

Imported rice cost 6% more than local rice in 2015. By 2026 it cost 62% more, and in dollars local rice fell 29% while imported …

1mo ago · Micheal Omojola
Nigeria's Food Prices Rose 907% in Naira Since 2015 but Fell in Dollars

Nigeria's Food Prices Rose 907% in Naira Since 2015 but Fell in Dollars

World Food Programme data for 2015 to 2026 shows yam up 907% in naira but just 45% in dollars, and for eight of thirteen staples …

1mo ago · Micheal Omojola