The cost of making jollof rice in Nigeria has nearly doubled from a year ago, reflecting the high cost of living in the country. In Indonesia, rising global rice prices due to factors like the El Nino phenomenon have led to increased demand for state-subsidized rice, with prices surging by over 16% since last year. The Bureau of Labor Statistics reports a 28% increase in cereal prices since January 2020, prompting companies like Kellogg's to raise their prices by 12% in the last fiscal year.
As global rice prices soar, a once cheap staple ingredient is becoming increasingly unaffordable for many people in Indonesia https://t.co/hPKbHDv3ym https://t.co/zKfaUPfvzI
The Bureau of Labor Statistics notes that cereal prices have jumped 28% since January 2020, with Kellogg's taking measures to raise their own prices by 12% in the last fiscal year. https://t.co/aqouKZwx2P
A staple for most of Indonesia's 270 million people, the price of rice has climbed more than 16% since last year, as the El Nino weather phenomenon cut rainfall across large parts of Asia in 2023 https://t.co/hPKbHDv3ym https://t.co/IjqoU6abSK
The price of rice, a staple for most of Indonesia's 270 million people, has climbed more than 16% since last year as the El Nino phenomenon cut rainfall, reducing cereal output and sparking food inflation pressure https://t.co/2ywBaW6Bq6
Indonesians jostle for state-subsidised rice as global prices near 16-year high. In #Jakarta dozens of customers, mostly women, stood in long queues to buy government subsidised rice after a severe drought last year curbed production and sent prices of the staple surging across… https://t.co/afsc4KOUbs
The cost of making Nigeria’s favorite jollof rice dish almost doubles from a year earlier in a reminder of the cost-of-living crisis facing Africa’s most populous nation https://t.co/qnAaL6EHoN