High food prices to persist for months – AFAN

The high cost of food items across the country to persist for months as a result of insecurity and the COVID-19 pandemic on food production.

This was stated by Mr Kabir Ibrahim, the National President of All Farmers Association of Nigeria.

According to him, the production of food had dropped and this has further escalated the prices of agricultural commodities nationwide.

The food producer said the hike in prices of agricultural produce, as confirmed by the National Bureau of Statistics, would persist for a while.

The NBS had confirmed the high cost of food in its Selected Food Prices Watch report, where it stated that the price of rice appreciated in September.

“The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 39.07 per cent and month-on-month by 2.87 per cent to N516.13 in September 2020 from N501.71 in August 2020,” the bureau stated.

He said, “It is normal to have escalating prices when there is slight shortage. The effect of COVID-19, flooding and insecurity on food production is bringing up its head and that is why we are having this concern.

“The COVID-19 pandemic is global. Even in the US, there is an article that revealed that there is currently cases of shoplifting and about 54 million people are going to be hungry.”

Ibrahim added, “So in Nigeria, we believe that the high food prices will be there for some months, except if security is enhanced and our people are able to do dry season farming.

“The dry season farming will be to augment the raining season farming that we have done. Without that, we will still have soaring prices.”

The AFAN president further noted that the harsh economy would not support the purchase of farm produce by government for storage in national silos, in case the government intended to buy agricultural commodities.

He explained that any move to make such purchase would further worsen inflation, adding that this had made the situation more precarious.