Guinea-Bissau reviews its prices for rice, sugar, and wheat flour

Published 2022년 4월 25일

Tridge summary

The government of Guinea-Bissau has adjusted the prices of essential food items including rice, wheat flour, and sugar, in response to the impact of the Covid-19 pandemic and the crisis in Ukraine. The decree aims to stabilize the local market and protect the population's purchasing power, as the country relies heavily on imports for consumer goods. The new prices include an increase in the price of rice and decreases in the prices of sugar and wheat flour.

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Original content

The government of Guinea-Bissau has issued a decree fixing the new prices of rice, wheat flour and sugar, according to the communiqué of the Council of Ministers made public on Friday. This measure, the statement explains, follows excessive speculation on the prices of certain products caused by the Covid-19 pandemic and the crisis in Ukraine, reports China.org. The 50 kg bag of rice has been revised upwards to FCFA 19,000 (€ 28.93) against FCFA 17,500 (€ 26.65) previously, while sugar and wheat farien have been revised downwards , the 50 kg bag being now respectively at FCFA 25,000 (€ 38.07) and 23,000 (€ 35). "The change in food prices on the international market gives rise to product price speculation on the local market and this has a ...

Source: Commodafrica