Local food prices remain high despite global decrease

(File photo: Ameer Khalifeh/Jordan News)
AMMAN Food prices in Jordan remain high, despite an approximately 10 percent drop in the global food price index, according to Al-Ghad.اضافة اعلان

Experts in agriculture attribute the high prices to the fact that Jordan had imported food items when the prices were high, so they will maintain the high cost despite the global price drop.

Global food prices reached record highs in March, due to the war in Ukraine, but have seen a relative decline over the past eight months, according to Jamal Albatsh, former assistant secretary-general at the Ministry of Agriculture.

Last month, the UN extended a deal to export grain from Ukraine for another 120 days, easing concerns about the disruption of Black Sea trade.

Prices had already gone up due to the COVID-19 pandemic and the disruption in supply chains it caused, said Masnat Al-Hiary, director of socioeconomic research at the National Agricultural Research Center.

He added that Jordan is a country with a small, open economy that relies on borrowing and aid to a large degree. Its main export is the labor it sends across the region and abroad, as well as phosphate, potash, and agricultural products.

At the COP27 conference held in Sharm El-Sheikh a month ago, the World Food Program called on world leaders to strengthen vulnerable communities’ resilience to climate change.

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