AMMAN — A recent report from the World Bank has shed light
on the declining food prices in Jordan, indicating a decrease of 1.9 percent by
the end of last May. This comes after a slight increase of 0.8 percent in the
previous month of April.
According to the report, food prices in Jordan have
experienced a downward trend in line with global decreases, Hala News reported.
According to the report, which highlighted the global market’s performance,
agricultural commodities, grains, and exports closed with respective decreases
of 3 and 4 percent.
Despite this positive development in Jordan, the World Bank emphasized that food price inflation remains a pressing issue in many
countries, particularly those with low, middle, and high-income levels. Efforts
to address and stabilize these inflationary pressures are ongoing.
Wheat prices dropped significantly
In a more specific analysis, the report revealed that wheat
prices have notably dropped by 115 percent compared to two weeks ago,
presenting a promising outlook for this staple grain. On the other hand, prices
for rice and corn have remained relatively stable, according to the World Bank.
Read more National news
Jordan News
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AMMAN — A recent report from the World Bank has shed light
on the
declining food prices in Jordan, indicating a decrease of 1.9 percent by
the end of last May. This comes after a slight increase of 0.8 percent in the
previous month of April.
According to the report, food prices in Jordan have
experienced a downward trend in line with
global decreases, Hala News reported.
According to the report, which highlighted the global market’s performance,
agricultural commodities, grains, and exports closed with respective decreases
of 3 and 4 percent.
Despite this positive development in Jordan, the
World Bank emphasized that food price inflation remains a pressing issue in many
countries, particularly those with low, middle, and high-income levels. Efforts
to address and stabilize these inflationary pressures are ongoing.
Wheat prices dropped significantly
In a more specific analysis, the report revealed that wheat
prices have notably dropped by 115 percent compared to two weeks ago,
presenting a promising outlook for this staple grain. On the other hand, prices
for rice and corn have remained relatively stable, according to the World Bank.
Read more National news
Jordan News
