Berliner Boersenzeitung - Rising food prices shake North Africa as Ukraine war rages

EUR -
AED 4.104397
AFN 76.945413
ALL 99.231189
AMD 432.617988
ANG 2.010719
AOA 1036.724537
ARS 1074.129077
AUD 1.641361
AWG 2.011389
AZN 1.904081
BAM 1.955429
BBD 2.252673
BDT 133.324726
BGN 1.955529
BHD 0.42042
BIF 3234.286875
BMD 1.117438
BND 1.441627
BOB 7.709539
BRL 6.055052
BSD 1.115688
BTN 93.249023
BWP 14.748204
BYN 3.651208
BYR 21901.788071
BZD 2.248874
CAD 1.517202
CDF 3208.165381
CHF 0.949812
CLF 0.037598
CLP 1037.433333
CNY 7.880067
CNH 7.870123
COP 4641.820049
CRC 578.89026
CUC 1.117438
CUP 29.612111
CVE 110.244101
CZK 25.088056
DJF 198.672338
DKK 7.466767
DOP 66.967305
DZD 147.657009
EGP 54.142736
ERN 16.761573
ETB 129.466357
FJD 2.459262
FKP 0.850995
GBP 0.83876
GEL 3.051043
GGP 0.850995
GHS 17.539675
GIP 0.850995
GMD 76.548818
GNF 9639.172699
GTQ 8.624365
GYD 233.395755
HKD 8.704949
HNL 27.675753
HRK 7.597474
HTG 147.212093
HUF 393.517458
IDR 16941.25656
ILS 4.221139
IMP 0.850995
INR 93.284241
IQD 1461.522939
IRR 47035.770303
ISK 152.262556
JEP 0.850995
JMD 175.286771
JOD 0.791709
JPY 160.803866
KES 143.922717
KGS 94.13132
KHR 4531.14103
KMF 493.181764
KPW 1005.693717
KRW 1488.975611
KWD 0.340897
KYD 0.929724
KZT 534.908597
LAK 24636.329683
LBP 99909.860054
LKR 340.395471
LRD 223.1377
LSL 19.586187
LTL 3.299505
LVL 0.675928
LYD 5.297996
MAD 10.818149
MDL 19.468309
MGA 5046.04342
MKD 61.603322
MMK 3629.395577
MNT 3797.054841
MOP 8.955702
MRU 44.337595
MUR 51.268486
MVR 17.164273
MWK 1934.433289
MXN 21.697078
MYR 4.698871
MZN 71.348848
NAD 19.586187
NGN 1831.984424
NIO 41.062216
NOK 11.713438
NPR 149.198716
NZD 1.791484
OMR 0.429669
PAB 1.115688
PEN 4.181807
PGK 4.367172
PHP 62.188829
PKR 309.994034
PLN 4.274593
PYG 8704.349913
QAR 4.067529
RON 4.972492
RSD 117.064808
RUB 103.380402
RWF 1504.014883
SAR 4.193134
SBD 9.282489
SCR 14.578236
SDG 672.143165
SEK 11.364797
SGD 1.442952
SHP 0.850995
SLE 25.530448
SLL 23432.113894
SOS 637.579134
SRD 33.752262
STD 23128.713955
SVC 9.762149
SYP 2807.596846
SZL 19.593286
THB 36.793929
TJS 11.859752
TMT 3.911034
TND 3.380559
TOP 2.617156
TRY 38.132438
TTD 7.588561
TWD 35.736832
TZS 3045.822602
UAH 46.114158
UGX 4133.216465
USD 1.117438
UYU 46.101261
UZS 14197.308611
VEF 4047978.463464
VES 41.096875
VND 27494.566096
VUV 132.664504
WST 3.125992
XAF 655.832674
XAG 0.035881
XAU 0.000426
XCD 3.019933
XDR 0.826843
XOF 655.832674
XPF 119.331742
YER 279.722751
ZAR 19.426272
ZMK 10058.288435
ZMW 29.537401
ZWL 359.814634
  • CMSD

    0.0100

    25.02

    +0.04%

  • NGG

    0.7200

    69.55

    +1.04%

  • JRI

    -0.0800

    13.32

    -0.6%

  • CMSC

    0.0300

    25.15

    +0.12%

  • GSK

    -0.8200

    40.8

    -2.01%

  • SCS

    -0.3900

    12.92

    -3.02%

  • AZN

    -0.5200

    78.38

    -0.66%

  • BTI

    -0.1300

    37.44

    -0.35%

  • BCC

    -7.1900

    137.5

    -5.23%

  • RIO

    -1.6100

    63.57

    -2.53%

  • BCE

    -0.1500

    35.04

    -0.43%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • RBGPF

    58.8300

    58.83

    +100%

  • VOD

    -0.0500

    10.01

    -0.5%

  • RELX

    -0.1400

    47.99

    -0.29%

  • BP

    -0.1200

    32.64

    -0.37%

Rising food prices shake North Africa as Ukraine war rages
Rising food prices shake North Africa as Ukraine war rages

Rising food prices shake North Africa as Ukraine war rages

Households across North Africa are rushing to stock up on flour, semolina and other staples as food prices rise following Russia's invasion of Ukraine, both key wheat exporters to the region.

Text size:

The scramble is worse coming just weeks before the start of the holy month of Ramadan, when Muslims traditionally break a dawn-to-dusk fast with lavish family meals.

Tunisia, Morocco and Libya, along with several other Arab countries, import much of their wheat from Ukraine and Russia.

Some fear the Russian invasion could lead to hunger and unrest, with memories of how rising food prices played a role in several Arab uprisings last decade.

In one supermarket in the Tunisian capital, the shelves were bare of flour or semolina, and only three packs of sugar sat on a shelf near a sign that read: "One kilo per customer, please".

Store managers said the problem was "panic buying", not shortages.

Shopper Houda Hjeij, who said she hadn't been able to find rice or flour for two weeks, blamed the authorities.

"With the war in Ukraine, they did not think ahead," the 52-year-old housewife in Tunis said.

Bulk-buying ahead of Ramadan, which is expected to start in early April this year, is common in Muslim countries.

But some say the war in Ukraine has sparked a shopping frenzy.

- Fear of war -

Hedi Baccour, of Tunisia's union of supermarket owners, said daily sales of semolina -- a staple across North Africa used in dishes of couscous -- have jumped by "700 percent" in recent days.

Sugar sales are up threefold as Tunisians stockpile basic foodstuffs, said Baccour, who insisted there were no food shortages.

Each day pensioner Hedi Bouallegue, 66, makes the round of grocery shops in his Tunis neighbourhood to stock up on products like cooking oil and semolina.

"I am even ready to pay double the price," he told AFP.

Baker Slim Talbi said he had been paying three times as much for flour than in the past, "although the real effects of the (Russia-Ukraine) war have not hit us yet".

"I am worried" about the future, Talbi added, citing Tunisia's dependence on Ukrainian wheat.

Tunisia imports almost half of the soft wheat used to make bread from Ukraine. Authorities say the North African country has enough supplies to last three months.

Oil-rich Libya gets about 75 percent of its wheat from Russia and Ukraine. Morocco also relies heavily on the same source for supplies.

Algeria -- Africa's second-largest wheat consumer after Egypt -- does not import any from the two warring eastern European countries, instead sourcing it from Argentina or France, according to the bureau of cereals.

"There won't be any shortages -- wheat shipments regularly arrive at Algiers port," said harbour official Mustapha, who declined to give his full name.

Despite reassurances, panicked citizens recently ransacked semolina stocks in Algeria's eastern Kabylie region.

"War in Ukraine and all the semolina warehouses have been stormed," Mouh Benameur, who lives in the area, posted on Facebook.

- Recession, pandemic, recovery -

Food prices were on the rise in North Africa before Russia invaded Ukraine more than two weeks ago.

Moroccan official Fouzi Lekjaa pointed to a global economic pick-up following a pandemic-induced slump.

"With the recovery, the market price of cereals and oil products rose," he said.

Mourad, 37, a shopper in the Moroccan capital Rabat, said climate change and drought -- the worst in his country in decades -- were also to blame.

To keep prices affordable and avoid a repeat of bread riots that erupted in the 1980s, Tunisia subsidises staples like sugar, semolina and pasta.

For the past decade, it has set the price of a baguette loaf of bread at six US cents.

Algeria plans to scrap subsidies on basic goods, but has not yet done so.

After a truck drivers' strike this week, Morocco said it was mulling fuel subsidies for the sector "to protect citizens' purchasing power and keep prices at a reasonable level," according to government spokesman Mustapha Baitas.

In Libya, which found itself with two rival prime ministers this month, sparking fears of renewed violence, food prices are also hitting the roof.

At a Tripoli wholesale market, shopper Saleh Mosbah blamed "unscrupulous merchants".

"They always want to take advantage when there is a conflict," he said.

Summaya, a shopper in her 30s who declined to give her full name, blamed the government.

"They reassure people by saying there is enough wheat," she said, carrying two five-kilo (11-pound) bags of flour. "I don't believe them."

(F.Schuster--BBZ)